Kraken Extends Nakamoto's $60 Million Loan Deadline to December 2027

Nakamoto Inc. has amended its loan agreement with Kraken, postponing the maturity date of the $60 million principal from December 4, 2026, to December 4, 2027. This adjustment means that Nakamoto will not have any principal due for repayment in 2026. According to documents filed with the U.S. Securities and Exchange Commission, the total loan amount, denominated in USDT, is $165 million, divided into two tranches: $105 million maturing on June 30, 2027, and $60 million maturing on December 4, 2027. The amendment also expands the pool of collateral assets that can support the loan, including the net value of Bitcoin derivative positions held by Nakamoto in its trading agreement with Kraken's other entity, Payward Oceanic Ltd.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.