Analyst: Nakamoto transfers 1003 BTC to Cobo as collateral for its previous $250 million funding round.
AI Summary1 min read
TL;DR
Nakamoto transferred 1,003 BTC to Cobo as collateral for a $250M funding round, its second this week. The transaction was priced at Bitcoin's $124,000 high, raising margin and leverage risks amid market downturns.
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BitcoinCoboNakamotoCollateralFundingLeverage Risk
According to Mars Finance, analyst Emmett Gallic disclosed on the X platform that Arkham monitoring data shows that Bitcoin treasury company Nakamoto (formerly Kindly MD) has transferred 1,003 BTC to Cobo as collateral for its previous $250 million convertible bond financing. This is the company's second additional BTC collateral this week. The transaction was initially priced at Bitcoin's all-time high of $124,000. With the market downturn, margin pressure is evident, and the risk of excessive leverage needs close monitoring.