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Nakamoto extends $60M Kraken loan to 2027 amid Bitcoin price drop and collateral risks

Market News
13 Nov 2026, 14:03 WIB
Coinpaper
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Bearish
Nakamoto extends $60M Kraken loan to 2027 amid Bitcoin price drop and collateral risks

Nakamoto Inc. has extended the maturity of its $60 million cryptocurrency-backed loan from Kraken by one year, moving the repayment deadline from December 2026 to December 2027. This extension provides the company more time to manage its $165 million total debt amid falling Bitcoin prices, which pressure the value of its pledged collateral. The loan restructuring also adjusts collateral calculations to include Bitcoin derivatives, offering some flexibility but maintaining lender protections. The move highlights risks in crypto-backed corporate loans as market volatility can trigger collateral calls or forced asset sales.

Nakamoto Games (NAKA) shares are currently trading at Rp530 on Pluang, down 4.73% in the last day. The market cap stands at Rp56.69 million as of Nov 13, 2026 19:23 WIB, reflecting investor caution amid the broader crypto market challenges.

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