KindlyMD’s bitcoin-backed financing stack has expanded again, with the company securing a $210 million loan from Kraken, according to a recent SEC filing. The new credit line replaces an existing facility from Antalpha Digital — which itself had refinanced a prior loan from Two Prime Lending — marking the firm’s latest round of debt reshuffling.
The loan, issued through subsidiary Nakamoto Holdings, carries an 8% interest rate and comes due on Dec. 4, 2026. Under the agreement, KindlyMD can access both fiat and crypto draws under separate term sheets throughout the year.
Bitcoin serves as the sole collateral. The filing shows KindlyMD must maintain at least $323.4 million worth of BTC, roughly 3,500 coins at prevailing prices, to support the facility. With 5,398 BTC on its balance sheet, the company sits among the top 20 corporate holders tracked by BitcoinTreasuries.net.
Kraken becomes the fourth lender to work with KindlyMD this year, following earlier arrangements with Yorkville Advisors, Two Prime Lending, and Antalpha Digital.
