Antalpha advances interim loan ahead of $250 million convertible note for Nakamoto

KindlyMD (NAKA) has entered a strategic partnership with Antalpha to develop bespoke financing solutions for its Bitcoin treasury vehicle, Nakamoto Holdings, and has signed a non-binding letter of intent for a $250 million five-year secured convertible note facility. Get these headlines directly to your inbox: subscribe to Blockspace. Under the arrangement, Antalpha will extend an interim Bitcoin-backed loan to KindlyMD and, upon closing, acquire the convertible notes. The proceeds will fund expansion of ...