KindlyMD Turns to Kraken as Fourth Provider for BTC-Backed $210M Loan at 8%
CoinDesk
KindlyMD secured a $210 million, one-year, 8% Bitcoin-backed loan from Kraken to repay an existing Antalpha loan.Summary
Healthcare company KindlyMD, which holds Bitcoin as a treasury asset, has entered into an agreement with crypto exchange Kraken to borrow $210 million. This new one-year loan, maturing on December 4, 2026, carries an annual interest rate of 8% and is secured entirely by Bitcoin collateral valued at no less than $323.4 million (approximately 3,500 BTC). The primary purpose of this financing is to retire an outstanding loan previously held with Antalpha Digital. Kraken is the fourth lender KindlyMD has utilized this year, following previous financings involving Yorkville Advisors, Two Prime, and Antalpha Digital. KindlyMD is noted as the 19th-largest corporate Bitcoin holder.
(Source：CoinDesk)