---
title: "Bitcoin firm Nakamoto owes Kraken $165 million, more than its entire market value"
url: https://thecoingazette.com/bitcoin-firm-nakamoto-owes-kraken-165-million-more-than-its-entire-market-value/
date: 2026-11-13
modified: 2026-11-13
lang: en
author: "Coin Gazette Editorial"
description: "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."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 24
---

# 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.