Bitcoin firm Nakamoto owes Kraken $165 million, more than its entire market value
What CoinDesk reports, why it matters and what remains unconfirmed.

The story in one view
- Reported by
- CoinDesk
- Coverage lens
- Markets and price action
- Published
- Evidence status
- Cross-source reports linked
What CoinDesk reports
About 70% of the bitcoin treasury firm’s coins are pledged to the exchange, bought at roughly $118,000 each, and bitcoin now trades under $69,000.
The immediate significance
The report describes a company financing or operating decision. Its importance depends on completed terms, timing and the measurable effect on the business rather than the headline figure alone.
Decrypt and CoinDesk have also published a related report, providing another attributed account to compare without treating repetition as proof.
What remains unknown
- No matched primary document independently supporting the central claim is linked to this page.
The named assets, right now
Spot quotes from Kraken, checked .
How the story developed
Decrypt and CoinDesk are reporting related developments. Reports are shown in publication order; separate coverage is not independent confirmation.
Decrypt North Korea Stole $400 Million in Crypto Using Deepfake Video Calls, DOJ Says
The FBI says the “FaceStealer” scheme uses prerecorded footage and AI deepfakes of trusted contacts to trick crypto workers into installing malware on video calls—as the DOJ also moves to seize $1.2 billion from the Binance hack.
CoinDeskCurrent briefing Bitcoin firm Nakamoto owes Kraken $165 million, more than its entire market value
About 70% of the bitcoin treasury firm’s coins are pledged to the exchange, bought at roughly $118,000 each, and bitcoin now trades under $69,000.
CoinDesk Ethereum treasury firm BTCS sold ether at a loss to keep $64 million Aave loan healthy
The Nasdaq-listed company has 46,676 ETH backing its borrowings, and the loan could become eligible for liquidation if ether slides to around $1,700.
Related Articles And Podcast
Further reporting and analysis on this story.
Daily Crypto Roundup: U.S. Jobs Shock, Wintermute Hits Wall Street & Kraken xStocks Voting Rights
Bitcoin remains stuck around the $65,000 level, but beneath the surface some major developments are unfolding across crypto and global finance.
Read the notes and play the episode