Kindly MD subsidiary Nakamoto obtains $210M USDT loan from Kraken, secured by Bitcoin, to refinance prior debt

Nakamoto Inc.

Loan of 210M USDT from Kraken at 8% per annum, maturing December 4, 2026, secured solely by Bitcoin collateral.
Collateral value must be at least $323.4M; excess returned to borrower, deficiency requires additional Bitcoin.
Proceeds will fully satisfy obligations under the existing term loan with Antalpha Digital Pte. Ltd.
Prepayments within six months of initial funding require a make-whole payment for that period.
Obligations are secured only by the Bitcoin collateral, not by other assets of Kindly MD or Nakamoto.

item 1.01 item 2.03 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001493152-25-026862
form_type: 8-K
ticker: NAKA
cik: 0001946573
company_name: Nakamoto Inc.
filed_at: 2025-12-09T23:59:59+00:00
discovered_at: 2026-05-14T18:02:41.125032+00:00
generated_at: 2026-05-16T13:50:43.839571+00:00
sec_items: ["1.01", "2.03", "9.01"]
event_type: debt
sentiment: neutral
materiality_score: 0.75
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001493152-25-026862
json_url: https://secwatch.observer/filing/0001493152-25-026862.json
markdown_url: https://secwatch.observer/filing/0001493152-25-026862.md
text_url: https://secwatch.observer/filing/0001493152-25-026862.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1946573/000149315225026862/0001493152-25-026862-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1946573/000149315225026862/form8-k.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

JSON Markdown Plain text

Source: SEC EDGAR

accession 0001493152-25-026862

view filing index on sec.gov

view primary document

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.