Nakamoto Secures Loan Extension from Kraken Amid Financial Strain

Nakamoto, a Bitcoin treasury firm, extended the maturity of a $60 million portion of its $165 million loan from crypto exchange Kraken to December 4, 2027, eliminating scheduled principal repayments for 2026. This development occurs as Nakamoto's outstanding debt now exceeds its approximately $104 million market capitalization, a situation exacerbated by declining Bitcoin prices impacting its collateral value. The revised agreement also permits Kraken to include Nakamoto's Bitcoin derivatives positions in collateral calculations.