BlockBeats News, December 10th, according to an 8-K form submitted to the U.S. Securities and Exchange Commission, Nakamoto Holdings, the Bitcoin Treasury under KindlyMD, completed a $210 million USDT-denominated loan with Kraken on December 9th. The fixed-term loan has an annual interest rate of 8.00% and will mature on December 4, 2026. The loan is backed by at least $323.4 million worth of Bitcoin, held in custody by Kraken’s affiliate, Payward Financial. All three parties have signed a shared account control agreement. Nakamoto Holdings will use the funds from the Kraken loan to fully repay its outstanding obligation under the term loan granted pursuant to the main loan agreement signed with Antalpha Digital on October 6, 2025.
In August of this year, Nakamoto Holdings launched its Bitcoin Treasury operation, with David Bailey, co-founder of BTC Inc., serving as CEO. Anchorage Digital, the only federally chartered digital asset bank in the United States, will provide Bitcoin custody and trading services.
