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Bitcoin firm Nakamoto owes Kraken $165 million, more than its entire market value

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CoinDesk
By Shaurya Malwa
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Bitcoin firm Nakamoto owes Kraken $165 million, more than its entire market value
Photo / Coverage: CoinDeskCredit: Shaurya Malwa
EXECUTIVE SUMMARY

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.

Key Takeaways

  • Bitcoin firm Nakamoto owes Kraken $165 million, more than its entire market value.
  • 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.
  • 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.

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.

Share:WhatsAppFacebookX (Twitter)Telegram

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