Bitcoin firm Nakamoto extends $165M loan as stock value falls below debt
David Bailey's Nakamoto extends its $165 million Kraken loan into 2027 as falling Bitcoin prices reduce collateral value and debt exceeds market value.
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Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
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