KindlyMD Secures $210M Bitcoin-Backed Loan via Kraken at 8% Interest

Healthcare provider KindlyMD has expanded its cryptocurrency financing strategy by securing a substantial $210 million loan backed by Bitcoin (BTC). The company selected the Kraken exchange as its fourth institutional lending provider for this deal, which carries an 8% annual interest rate. This move highlights the growing adoption of Bitcoin as collateral for major corporate financing. By leveraging its BTC holdings, KindlyMD accesses significant capital while retaining ownership of its digital assets. The partnership with Kraken underscores the exchange's expanding role in providing institutional-grade financial services in the crypto sector. This transaction reflects confidence in Bitcoin's value as a stable and liquid asset for securing traditional loans.