KindlyMD Reaches $210 Million USDT Loan Agreement with Kraken

Foresight News reports, according to The Block, the 8-K form of Bitcoin treasury company KindlyMD shows that its wholly-owned subsidiary Nakamoto Holdings reached a $210 million USDT loan agreement with Kraken on Tuesday. The proceeds will be used to repay a previous loan agreement reached in October with Singapore-based Antalpha. This one-year fixed-term loan carries an annual interest rate of 8.00% and will mature on December 4, 2026. Disclosure information indicates that the loan is secured solely by Bitcoin valued at no less than $323.4 million as collateral. These collateral assets are held in custody by Kraken affiliate Payward Financial, and all three parties have signed a shared account control agreement.