Nakamoto sold 600 BTC and repaid 45M USDT of debt—yet 60M USDT still comes due Dec. 4. At quarter-end, cash plus unencumbered BTC totaled just $57.8M. The catch: pledged Bitcoin can cover the maturity, making BTC price and undisclosed collateral thresholds the key risk. https://cryptoslate.com/how-a-bitcoin-treasury-company-sold-600-btc-to-cut-debt-but-still-ended-up-with-60-million-due-in-december/(CryptoSlate)