
Bitcoin Firm Nakamoto Owes Kraken $165 Million—More Than Its Entire Market Value
Key Highlights: Nakamoto’s roughly 3,000 pledged bitcoin were worth about $208 million at Friday’s price below $69,000, or approximately 126% of its outstanding loan. Kraken will now include the net value of Nakamoto’s pledged derivatives account in daily collateral tests, while treating any net negative value as zero. Nakamoto’s $210 million loan began last December ...











