According to ChainCatcher, based on its Form 8-K filing with the U.S. Securities and Exchange Commission, Nakamoto Holdings, KindlyMD's Bitcoin Crypto Treasury (DAT) company, completed a $210 million USDT-denominated loan with Kraken on December 9th. The fixed-term loan carries an annual interest rate of 8.00% and matures on December 4th, 2026. The loan is secured 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 proceeds from the Kraken loan to fully repay its outstanding term loan obligations under the master loan agreement signed with Antalpha Digital on October 6th, 2025.
Nakamoto Holdings launched its Bitcoin vault operations in August of this year, with David Bailey, co-founder of BTC Inc., serving as CEO. Anchorage Digital, which owns the only federally chartered digital asset bank in the United States, will provide Bitcoin custody and trading services.
