Nakamoto Gets Extra Year on 60 Million USDT Kraken Loan; Derivatives Count Toward Collateral
(NAKA) is a bitcoin treasury company, a public company holding bitcoin as a core asset, and has borrowed against it.
When bitcoin falls, pledged coins cover less of a loan, and a lender can demand more coins or a partial repayment (a collateral call) or sell the coins.
On Thursday, Nakamoto disclosed in an 8-K , a filing that reports a major company event, that it amended that loan on Nov.
