Nakamoto Debt Dwarfs Market Cap as Bitcoin Price Plunges Below $67K

The situation becomes even more dire if BTC continues to trend lower, forcing Nakamoto to repay part of the $165 million USDT loan to the exchange or pledge more of its bitcoin treasury as collateral for the loan, even as the instruments reach maturity next year. Digital treasury companies are starting to feel the weight of the recent market downturn, with sub-$67K bitcoin price levels affecting the companies’ stock prices. Nakamoto, a publicly traded bitcoin treasury company built by David Bailey , co-founder of BTC Inc., the company behind Bitcoin Magazine and the Bitcoin Conference, is now facing debt liabilities that are larger than its total market capitalization. The company, formed in 2025 , owes Kraken, a U.S.

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