Nakamoto owes Kraken $165M, more than the market says it is worth

First reported by CoinDesk at Fri 12:03 AM · 2 outlets in all

1. Crypto Briefing1hNakamoto owes Kraken $165M, more than the market says it is worthNakamoto's debt restructuring delays immediate financial pressure but raises concerns about long-term solvency and shareholder value.
2. CoinDesk1hBitcoin firm Nakamoto owes Kraken $165 million, more than its entire market valueAbout 70% of the bitcoin treasury firm’s coins are pledged to the exchange, bought at roughly $118,000 each, and bitcoin now trades under $69,000.