Bitcoin firm Nakamoto owes Kraken $165 million, more than its entire market value
Summary
Nakamoto owes Kraken a massive sum that exceeds its total market value. A significant portion of the bitcoin treasury firm's digital assets are pledged to the exchange after being purchased at much higher prices.
About 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.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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