According to a Form 8-K filed with the Securities Exchange Commission, Nakamoto Holdings, a Bitcoin crypto treasury (DAT) company owned by KindlyMD, completed a $210 million USDT-denominated loan with Kraken on December 9 at a fixed-term loan interest rate of 8.00% per annum and due on December 4, 2026. The loan is secured by at least $323.40 million worth of Bitcoin, and the collateral is held by Payward Financial, a Kraken affiliate. All three parties have signed a shared account control agreement. Nakamoto Holdings will use the proceeds from the Kraken loan to fully repay its obligations under the outstanding term loan granted under the master loan agreement with Antalpha Digital dated October 6, 2025.
Nakamoto Holdings launched bitcoin treasury operations in August this year, with BTC Inc. co-founder David Bailey as CEO. Anchorage Digital, which owns the only federally chartered digital asset bank in the United States, will provide bitcoin custody and trading services.
Nakamoto Holdings Enters into $210 million USDT Loan Agreement with Kraken
2025-12-10 02:18:21
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