250 Million Dollar Collaboration Between KindlyMD and Antalpha

KindlyMD and Antalpha Partnership

KindlyMD has signed an agreement worth 250 million dollars with Antalpha. This agreement includes convertible bonds with a maturity of five years. The agreement will be executed through Nakomoto Holdings. Thus, a new treasury instrument will be developed for Bitcoin-focused companies by leveraging Antalpha's expertise in digital asset financing.

In this context, KindlyMD will issue convertible bonds to Antalpha with a term of five years. The funds raised will be used to refinance the previously established 203 million dollars Bitcoin-backed credit line and to increase Bitcoin assets. Additionally, Antalpha will provide KindlyMD with a temporary Bitcoin-backed loan until the financing process is completed.

KindlyMD currently holds 5,765 BTC. The company's shares are trading at around 1.03 dollars. This indicates that the shares have experienced a decline of approximately 95 percent from the peak levels reached in May.