TechFlow news, October 7 — According to ACCESS Newswire, KindlyMD, Inc. (Nasdaq: NAKA) announced a strategic partnership with Antalpha (Nasdaq: ANTA) to establish a $250 million convertible debt financing. This collaboration marks the first step in KindlyMD’s broader initiative to develop innovative financing tools in the Bitcoin market.
Antalpha is a fintech company focused on financing, technology, and risk management solutions for the digital asset industry. As a leader in financial services for the Bitcoin mining supply chain, Antalpha has expanded its expertise to companies managing Bitcoin as a reserve asset.
The goal of the collaboration is to create financing structures tailored for organizations focused on reserve assets and to accelerate Bitcoin adoption among public companies. Under the strategic cooperation agreement, Antalpha and Nakamoto have signed a non-binding term sheet for Nakamoto to issue new five-year $250 million secured convertible notes to Antalpha.
This move aims to provide KindlyMD with long-term financing, reduce shareholder dilution risks, expand Nakamoto's Bitcoin reserves, and support general corporate purposes.
