👍👍👍👍🚨 Explosive! KindlyMD (NAKA) just signed a $210 million USDT loan from Kraken at an 8% interest rate, fully collateralized by BTC! 🔥🔥
The details are too intense: 🚀🚀🚀🚀🚀🚀🚀
Loan amount $210M, fixed interest rate 8%, due on 2026.12.4
Collateral requirement minimum $323.4M BTC (about 3500 coins), LTV≈65%
Funds 100% used to pay off Antalpha's old debts (previously $250M convertible bonds)
Kraken becomes the 4th lender this year (the first three: Yorkville, Two Prime, Antalpha)
KindlyMD currently holds about 5400 BTC (19th in the world), with a market cap of only $200 million, leverage is maxed out! 🚀🚀🚀🚀
Why is this so impressive?
Once again successfully “debt rolling” — replacing old debt with new low-interest debt, continuing to accumulate BTC
Kraken's entry indicates that top exchanges are starting to proactively lend to BTC treasury companies
The Bitcoin treasury model has evolved by 2025: no longer long-term debt like MSTR, but “short-term leverage + frequent refinancing”
Common stock shareholders experience zero dilution, enjoying leveraged gains from the skyrocketing BTC per share
$$
This operation indicates: the Bitcoin treasury track has already entered the “institutional-level” stage!
Retail and institutional players are copying the homework: BTC is no longer speculation, but a “super hard currency” on corporate balance sheets. 🤩🤩🤩
What do you think? Will KindlyMD replicate MSTR's explosive myth, or will high leverage backfire?
Is your position in NAKA or MSTR? Predict the next refinancing king in the comments! 👇
#BTC #KindlyMD #NAKA #Kraken #BitcoinTreasury
Advantages:
Fixed and relatively low interest rate (compared to traditional bank loans or earlier Antalpha terms, these are friendlier)
Collaboration with Kraken enhances credibility, potentially gaining more financing channels in the future
No equity dilution, maintaining leveraged exposure to BTC
Risks:
One-year loan requires refinancing by the end of 2026; if the BTC bear market or interest rate environment worsens, refinancing costs may surge
Current company market cap is only about $200 million, loan amount exceeds market cap, extremely high leverage
Stock price has fallen 99% from its historical peak, common stock shareholders face huge volatility 🔥🔥
Meme leader recognizes Musk's PUPPIES 🚀🚀🚀🔥🔥🔥