---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-096801"
form_type: "8-K"
ticker: "NAKA"
cik: "0001946573"
company_name: "Nakamoto Inc."
filed_at: "2025-10-07T23:59:59+00:00"
generated_at: "2026-05-17T04:30:03.181821+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KindlyMD secures $206M loan from Antalpha; LOI for $250M convertible notes

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-096801
- form_type: 8-K
- ticker: NAKA
- cik: 0001946573
- company_name: Nakamoto Inc.
- filed_at: 2025-10-07T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1946573/000121390025096801/0001213900-25-096801-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1946573/000121390025096801/ea0260402-8k_kindly.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-096801
- JSON: https://secwatch.observer/filing/0001213900-25-096801.json
- Plain text: https://secwatch.observer/filing/0001213900-25-096801.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.