Bitcoin Collateral Increased Amid Market Pressure

According to PANews, analyst Emmett Gallic shared on the X platform that Arkham monitoring data reveals Nakamoto, formerly known as Kindly MD, has transferred 1,003 BTC to Cobo. This transfer serves as collateral for its previous $250 million convertible bond financing. This marks the company's second BTC collateral addition this week. The issuance price for this transaction was set at Bitcoin's all-time high of $124,000. As the market declines, the pressure on margins is evident, highlighting the need to closely monitor the risks associated with excessive leverage.