Nakamoto Inc. (NAKA): debt financing — KindlyMD secures $206M loan from Antalpha; LOI for $250M convertible notes

Nakamoto Inc.

Loan of 206M USDT at 7% interest, 30-day term with 30-day extension option, secured by Bitcoin.
Non-binding LOI for up to $250M of 5-year secured convertible notes from Antalpha to Nakamoto.
Proceeds to replace $203M Two Prime Lending credit and expand Bitcoin treasury holdings.
Strategic partnership aims to develop financing tools for Bitcoin treasury companies.
Antalpha to provide interim Bitcoin-backed loan pending the convertible note closing.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Nakamoto Inc. incurred term loan of 206,000,000 USDT with Antalpha Digital Pte. Ltd. at 7.0% per annum maturing thirty days after the date of the extension of the initial tranche.

Instrument: term loan
Principal: 206,000,000 USDT
Counterparty: Antalpha Digital Pte. Ltd.
Rate: 7.0% per annum
Maturity: thirty days after the date of the extension of the initial tranche
Event: incurrence

Exact text from the filing

Antalpha Loan Agreement contemplates Antalpha extending a term loan facility in an aggregate principal amount of 206,000,000 USDT (the “Antalpha Loan”), bearing interest at a rate of 7.0% per annum.

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Nakamoto Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-096801

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