Antalpha and KindlyMD Sign Non-Binding Letter of Intent for Five-Year Bond Issuance

Antalpha has signed a non-binding letter of intent covering the issuance of five-year bonds intended to provide long-term financing for KindlyMD’s subsidiary, Nakamoto Holdings. The funding aims to expand Nakamoto’s bitcoin reserves and replace a previous $203 million bitcoin-backed credit facility from Two Prime Lending Limited.

Bridge Loan with Convertible Mechanism

As part of the arrangement, Antalpha will extend an interim bitcoin-backed loan until the completion of the bond transaction. The loan includes a convertible feature, offering flexibility in the transition toward long-term financing.

Strategic Vision and Future Developments

KindlyMD Chairman and CEO David Bailey stated that the partnership’s goal is to create competitive, long-term financing options with lower dilution risk for shareholders. Meanwhile, Dr. Derar Islim of Antalpha emphasized the company’s mission to bridge traditional finance with bitcoin-related needs. He also hinted at plans to develop additional large-scale treasury solutions tailored for institutional clients.