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MarketPublished by KAS Watch · November 13, 2026

Bitcoin Firm Nakamoto Owes Kraken $165 Million Amid Price Slump

Bitcoin treasury firm Nakamoto owes Kraken $165 million, an amount exceeding its entire market value, with about 70% of its coins pledged to the exchange after being bought near $118,000 as bitcoin trades under $69,000.

Why it matters for the market

For Kaspa, broader distress among treasury firms can influence broader market liquidity and risk appetite, though direct causal effects on KAS remain purely observational.

Original source

CoinDesk
Source publication · November 13, 2026 · 1 verified source
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