Nakamoto Holdings has reached a $210 million USDT loan agreement with Kraken

According to the 8-K form submitted to the U.S. Securities and Exchange Commission, KindlyMD's Bitcoin crypto treasury (DAT) company, Nakamoto Holdings, completed a $210 million USDT-denominated loan with Kraken on December 9, with a fixed-term loan annual interest rate of 8.00%, maturing on December 4, 2026. The loan is secured by at least $323.4 million worth of Bitcoin, with the collateral held by Kraken's affiliate Payward Financial, and all three parties have signed a shared account control agreement. Nakamoto Holdings will use the proceeds from the Kraken loan to fully repay its obligations under the outstanding term loan granted by the main loan agreement signed with Antalpha Digital on October 6, 2025.

Nakamoto Holdings launched its Bitcoin treasury operations in August this year, with BTC Inc. co-founder David Bailey serving as CEO. Anchorage Digital, which has the only federally chartered digital asset bank in the U.S., will provide Bitcoin custody and trading services.