KindlyMD Partners with Antalpha on $250M Bitcoin-Backed Financing Deal

KindlyMD (NAKA) announced a partnership with Antalpha to create a $250 million secured convertible debt ￰0￱ 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 ￰1￱ 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 ￰2￱ financilization,Antalpha will also extend an interim bitcoin-backed loan to ￰3￱ 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.