TechFlow, November 22 — According to analyst Emmett Gallic's disclosure on X, 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 marks the company's second BTC collateral top-up this week. The issuance price was set at bitcoin's all-time high of $124,000; however, as the market declines, margin pressure is becoming evident, warranting close attention to the risks of excessive leverage.
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