---
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"
generated_at: "2026-05-16T13:50:43.839571+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1946573/000149315225026862/0001493152-25-026862-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1946573/000149315225026862/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-026862
- JSON: https://secwatch.observer/filing/0001493152-25-026862.json
- Plain text: https://secwatch.observer/filing/0001493152-25-026862.txt

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