Bitcoin Magazine KindlyMD Forms Strategic Partnership with Antalpha, Plans $250 Million Convertible Debt Facility to Strengthen Bitcoin Treasury Strategy
KindlyMD, Inc. (NASDAQ: NAKA), a provider of integrated healthcare services and a Bitcoin treasury vehicle through its subsidiary Nakamoto Holdings, is partnering with Antalpha (NASDAQ: ANTA).
Antalpha is a fintech firm specializing in financing, technology, and risk management solutions for the digital asset industry.
A key component of the partnership is a non-binding letter of intent under which Nakamoto plans to issue $250 million in five-year secured convertible notes to Antalpha.
The convertible notes are intended to provide long-term financing with lower dilution risk for stockholders compared to standard convertible debt.
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