KindlyMD’s subsidiary Nakamoto Holdings obtained a $210M USDT loan from Kraken, backed by Bitcoin collateral, to refinance existing debt in a growing digital asset financing trend.
KindlyMD’s subsidiary Nakamoto Holdings secured a $210 million USDT loan from cryptocurrency exchange Kraken on December 9, 2024, with an 8% annual interest rate and maturity on December 4, 2026. The loan is backed by Bitcoin collateral valued at no less than $323.4 million, held by Payward Financial. The funds will be used to repay an earlier loan from Antalpha Digital, marking a notable refinancing transaction within the healthcare sector's engagement with crypto-based financing.