Kindlymd (Naka) announced an association with Antalpha to create a convertible debt line guaranteed worth 250 million dollars.
Through its Nakomoto Holdings subsidiary, Kindlymd will take advantage of Antalpha’s experience in digital asset financing to create a new Treasury tool for Bitcoin -centered companies, according to the announcement.
The non -binding agreement describes an issue of five -year convertible notes for Antalpha, whose income will be used to refinance a previous credit line guaranteed by Bitcoins of 203 million dollars from Two Prime Linging and to increase Bitcoins holdings.
Waiting for financing, Antalpha will also expand a provisional loan backed by Bitcoins to Kindlymd.
Kindlymd has 5,765 BTC and its shares are quite above 1 dollar, which represents a decrease of approximately 95% from the historical maximum reached in May.
