Nakamoto Holdings has reached a $210 million USDT loan agreement with Kraken

BlockBeats News, December 10th, according to an 8-K form filed with the U.S. Securities and Exchange Commission, Nakamoto Holdings, a Bitcoin treasury under KindlyMD, completed a $210 million USDT-denominated loan with Kraken on December 9th. The fixed-term loan has an annual interest rate of 8.00% and is due on December 4, 2026. The loan is collateralized by at least $323.4 million worth of Bitcoin, held in custody by Kraken's affiliate, Payward Financial. All three parties have signed a shared account control agreement. Nakamoto Holdings will use the proceeds from the Kraken loan to fully repay its outstanding term loan obligations granted under the main loan agreement signed with Antalpha Digital on October 6, 2025.

In August of this year, Nakamoto Holdings launched its Bitcoin treasury operation, with David Bailey, co-founder of BTC Inc., serving as CEO. Anchorage Digital, the only federally chartered digital asset bank in the U.S., will provide Bitcoin custody and trading services.