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.
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.
Could Ripple-linked XRP be sitting on the brink of a massive supply squeeze? Fresh on-chain…
Tokenized securities are advancing into mainstream finance — but their expansion is exposing a problem…
An on-chain pattern that has repeatedly preceded major Bitcoin advances is once again worth watching.…
To advance interoperability, Stellar has opened a two-way bridge to Ethereum, integrating its protocol with…
Google Cloud is introducing a service designed to help banks protect cryptocurrencies and tokenized assets…
XRP may be struggling to regain its bullish momentum, but something intriguing is unfolding beneath…