According to CoinMeta, David Bailey's Bitcoin holding company, Nakamoto, owes Kraken $165 million, which exceeds its market value of $104 million. The average purchase price of Bitcoin by the company was approximately $118,000 per coin. Kraken has agreed to extend the repayment period for $60 million until December 2027, with the remaining $105 million due to be repaid in June 2027. Nakamoto holds 4,283 BTC, of which 3,030 are used as collateral for the loan, currently valued at about $208 million.