KindlyMD and Antalpha Launch $250M Bitcoin-Backed Financing Facility for Corporate Treasury Solutions

KindlyMD (NASDAQ: NAKA) has entered into a strategic partnership with Antalpha to establish a $250 million secured convertible debt facility. Through its subsidiary Nakomoto Holdings, KindlyMD will utilize Antalpha's digital asset financing expertise to develop innovative treasury management tools specifically for Bitcoin-focused companies. The five-year non-binding agreement involves convertible note issuance to Antalpha, with proceeds designated to refinance an existing $203 million Bitcoin-secured credit line from Two Prime Lending and to expand Bitcoin holdings. Pending finalization, Antalpha will provide an interim Bitcoin-backed loan to KindlyMD. Currently, KindlyMD maintains holdings of 5,765 BTC, with shares trading slightly above $1, representing approximately 95% decline from May's all-time high.