Kraken extends $60M Nakamoto loan to December 2027
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Kraken has extended the maturity of its $60 million loan to Bitcoin infrastructure firm Nakamoto to December 2027, deferring repayment by roughly two years. The extension gives Nakamoto more financial flexibility and lowers near-term refinancing risk, allowing the company to concentrate on its core operations. The deal matters as a sign of continued lender confidence in Bitcoin-focused infrastructure firms amid tighter crypto credit conditions. What to watch next is whether Nakamoto uses the added runway to advance its Bitcoin-related products and whether Kraken expands similar credit arrangements with other portfolio companies.
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Named in this story
Nakamoto, Kraken