Nakamoto adjusts the structure of its Kraken loan: 60 million USDT in principal is extended from December 4, 2026, to December 4, 2027; the remaining 105 million USDT still matures on June 30, 2027. The company says the loan will therefore have no scheduled principal maturities in 2026. The amendment also allows the non-negative net value of bitcoin derivatives positions in the pledged trading account to be included in collateral assessments, subject to certain restrictions; Kraken will continue to calculate their value daily under the agreement. The arrangement changes the maturity dates and collateral calculation rules but does not reduce the 165 million USDT in outstanding principal. The information comes from Nakamoto’s November 12 announcement and its Form 8-K filing with the U.S. SEC. $BTC #比特币 #加密金融 #信贷市场 #Digital Assets