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KindlyMD Partners with Antalpha on $250M Bitcoin-Backed Financing Deal
The deal aims to expand Naka's bitcoin treasury and strengthen long-term balance sheet flexibility.
Oct 7, 2025, 12:53 p.m.
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What to know:
- The partnership between KindlyMD and Antalpha includes a non-binding agreement for $250 million in 5-year secured convertible notes, with an interim Bitcoin-backed loan.
- NAKA shares continue at $1.03, down about 95% from their all-time high.
KindlyMD (NAKA) announced a partnership with Antalpha to create a $250 million secured convertible debt facility.
Through its subsidiary Nakomoto Holdings, KindlyMD will leverage Antalpha's expertise in digital asset financing to create new treasury tool for bitcoin focused-companies, according to the announcement.
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The non-binding agreement outlines a five-year convertible note issuance to Antalpha, with proceeds aimed at refinancing a previous $203 million bitcoin-secured credit line from Two Prime Lending and to increase bitcoin holdings.
Pending financilization,Antalpha will also extend an interim bitcoin-backed loan to KindlyMD.
KindlyMD holds 5,765 BTC, and its shares are trading just above $1, representing a roughly 95% decline from the all-time high reached in May.
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Ano ang dapat malaman:
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