Key points
- Nakamoto extended the maturity of $60 million of its $165 million Kraken loan by one year.
- The remaining $105 million is due in June 2027, with no principal scheduled for repayment in 2026.
- The amended agreement also allows certain Bitcoin derivatives positions to count towards loan collateral.
Nakamoto Inc (NASDAQ:NAKA) has extended $60 million of its $165 million Kraken loan by one year, until December 2027.
The amended schedule moves $60 million to December 4, 2027, while the remaining $105 million falls due June 30, 2027.
“This amendment extends our runway and makes our collateral position more resilient,” Nakamoto Chief Investment Officer Tyler Evans said in a statement.
The extension removes scheduled loan principal repayments for 2026, giving Nakamoto more time before its next repayment deadlines.
The revised agreement also counts the net value of certain Bitcoin derivatives positions towards collateral, subject to restrictions.
Nakamoto operates Bitcoin-focused businesses, including Bitcoin media company BTC Inc and asset manager UTXO Management.
The company said the amendment should help it manage Bitcoin price volatility while continuing to operate its businesses.
Following the announcement, Nakamoto shares were down 7.36% at $5.79.
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