According to ChainCatcher news, analyst Emmett Gallic disclosed on the X platform that Arkham monitoring data shows that the Bitcoin treasury company Nakamoto (formerly Kindly MD) has transferred 1003 BTC to Cobo as collateral for its previous $250 million Convertible Bond financing. This is also the second time this week that the company has added BTC collateral. At that time, the issuance price was set at the historical high of Bitcoin at $124,000. As the market declines, the pressure on Margin is significant, and the risk of excessive leverage needs to be closely monitored.
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Analyst: Nakamoto transferred 1003 BTC to Cobo as additional collateral for the previous $250 million financing.
According to ChainCatcher news, analyst Emmett Gallic disclosed on the X platform that Arkham monitoring data shows that the Bitcoin treasury company Nakamoto (formerly Kindly MD) has transferred 1003 BTC to Cobo as collateral for its previous $250 million Convertible Bond financing. This is also the second time this week that the company has added BTC collateral. At that time, the issuance price was set at the historical high of Bitcoin at $124,000. As the market declines, the pressure on Margin is significant, and the risk of excessive leverage needs to be closely monitored.