KindlyMD to Issue $250M Convertible Debt with Antalpha

TheCryptoTimesPublicado em 2025-10-07Última atualização em 2025-10-07

KindlyMD, Inc. (NASDAQ:NAKA) has announced a strategic partnership with fintech firm Antalpha Platform Holding Co. (NASDAQ: ANTA) to set up a $250 million convertible debt facility. The aim is to create new financing options for companies that hold Bitcoin (BTC) as part of their treasury.

As part of the deal, KindlyMD’s subsidiary, Nakamoto Holdings, has signed a non-binding letter of intent to issue $250 million in five-year secured convertible notes to Antalpha. The funds are intended to provide long-term financing, expand Nakamoto’s Bitcoin holdings, and support general corporate purposes.

The proceeds will also replace a prior $203 million Bitcoin-backed credit from Two Prime Lending, though that facility will remain available. Until the new facility is finalized, Antalpha will provide an interim Bitcoin-backed loan to meet funding needs.

Although the plan may bring long-term funding with arguably lesser dilution to shareholders, it is not without risks. The deal remains non-binding, and items like conversion terms, security, and covenants are yet to be set. Market witnesses will be keen on the executed agreement and timing of the funding.

Strategy and leadership on the move

KindlyMD has had a tough time in the markets. Its shares have plummeted in recent weeks, trading at barely more than $1 per share. In spite of this, the company remains committed to expanding its Bitcoin treasury, now worth more than $700 million.

David Bailey, Chairman and CEO of KindlyMD, said, “It’s meaningful to work with a longstanding, mission-aligned Bitcoin company to create financial solutions for Nakamoto and the wider industry. Together with Antalpha, we are not only addressing today’s financing needs, but we are also laying the foundation for future structures tailored to the unique requirements of Bitcoin treasury companies.”

Antalpha’s COO, Dr. Derar Islim, said the partnership with Nakamoto aligns with their vision for the Bitcoin industry. He noted that the deal helps “bridge the gap between traditional financing and the realities of the Bitcoin market” and is just “the first step” toward creating scalable solutions for treasury companies while supporting broader Bitcoin adoption among public firms.

The partnership comes after CEO David Bailey’s September 15 shareholder letter, which stressed aligning with shareholders and financial partners to support KindlyMD’s long-term strategy.

Also Read: Tether and Antalpha Plans to Push XAUT to Masses with RWA Integration

Follow The Crypto Times on Google News to Stay Updated!

Criptomoedas em alta

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

ZRX（0X）ZRX

PancakeSwapCAKE

Leituras Relacionadas

Google's Q2 Free Cash Flow Turns Negative for the First Time, Raises Full-Year Capital Expenditure Forecast to as High as $205 Billion, Cloud Business Surges 82%

Alphabet (Google's parent) reported its Q2 2026 results. Revenue grew 24% to $119.8B, with Google Cloud revenue surging 82% to $24.8B, significantly exceeding expectations. Cloud backlog also surpassed $500B for the first time. However, the company's capital expenditures soared to $44.9B, leading to negative free cash flow (-$5.86B) for the first time in its history as a public company. Alphabet raised its full-year capex guidance to a range of $195B-$205B, its second upward revision this year. This massive spending on AI infrastructure fueled investor concerns about returns, causing the stock to fall. Despite the cash flow pressure, the results highlight a dual narrative: strong commercial returns from AI in the cloud, but significant financial strain from the ongoing investment race. CEO Sundar Pichai emphasized focus on the next-generation Gemini 4 model and stated that AI is reshaping the entire company.

链捕手Há 7m

Google's Q2 Free Cash Flow Turns Negative for the First Time, Raises Full-Year Capital Expenditure Forecast to as High as $205 Billion, Cloud Business Surges 82%

链捕手Há 7m

New Fire Group Chief Economist Fu Peng's Latest Speech: Crypto Assets Deeply Bound to Liquidity, Global Assets 'Shrink Circle' with Widening Divergence

The chief economist of Sinovation Group delivered a speech at Wiki Finance EXPO Hong Kong 2026, analyzing the global market through the lens of liquidity. He argues that all major assets, including cryptocurrencies, are fundamentally tied to global liquidity, which is now shifting from an era of extreme post-2008 ease to sustained tightening under new Fed leadership. This marks the end of widespread "asset flooding" and ushers in a "shrinking circle" dynamic: capital is abandoning speculative, low-quality assets and concentrating in a few high-conviction, value-driven core holdings. The only dominant global investment theme is AI, viewed as a 20-25 year productivity cycle. However, a critical inflection point has been reached in Q2, where major tech firms' free cash flow has turned negative. The market narrative has pivoted from rewarding pure capital expenditure growth to demanding proof of future revenue generation and returns. While the AI super-cycle's long-term thesis remains intact, the initial hardware-driven phase (e.g., Nvidia, memory chips) is maturing. The speaker warns of significant volatility risk not from industry fundamentals, but from excessive financial leverage built up in these "certain" assets. He emphasizes that investment strategy must evolve from broad diversification to focused, cyclical allocation within the AI value chain (upstream hardware, midstream, downstream applications), avoiding blind long-term holds on single names. For crypto, this liquidity paradigm shift means the era of speculative "air coin" mania is over; the market is maturing, with institutional participation increasing and volatility stabilizing for core assets like Bitcoin and Ethereum. The core takeaway is that understanding the top-down liquidity framework is essential for navigating the current era of market分化 and focused capital allocation.

链捕手Há 18m

New Fire Group Chief Economist Fu Peng's Latest Speech: Crypto Assets Deeply Bound to Liquidity, Global Assets 'Shrink Circle' with Widening Divergence

链捕手Há 18m

4 Hours, 118 Responses: Liang Wenfeng’s Internal Q&A Addresses Everything

**DeepSeek Founder Liang Wenfeng's Candid Reflections on the Company's Path to AGI** DeepSeek has recently completed its first external funding round, raising over 500 billion RMB (approx. $74B) at a pre-money valuation of 3.675 trillion RMB ($543B). Founder Liang Wenfeng personally invested 200 billion RMB. This marks a strategic shift from its initial "no financing, no IPO, no commercialization" principle. In a recent investor Q&A, Liang articulated DeepSeek's core philosophy and roadmap. The company is driven by a powerful, unwritten vision for beneficial AGI rather than pure commercial maximization. He emphasizes "strategic restraint"—avoiding unnecessary conflicts, prioritizing long-term AGI success over short-term gains, and maintaining an open, cooperative stance even with competitors. Liang outlined the AGI technical roadmap: current focus on Agent capabilities, followed by solving "continual learning," which he sees as the key to unlocking models that can learn and adapt like humans. This could lead to a gradual "singularity" where AI accelerates its own research, and eventually to embodied intelligence. DeepSeek will strictly focus on this "AGI mainline," avoiding distractions like video generation which, while commercially viable, don't directly advance core intelligence. He identifies team stability as the single most critical factor for success, now bolstered by the recent funding. While talent is not a bottleneck, the primary constraint compared to the US is compute resources. Liang is optimistic about domestic AI chips, stating that Nvidia's CUDA moat is eroding and that within a year, the viability of the Chinese chip ecosystem will be proven, with Huawei's offerings being key. The main issue is production capacity. On competition, Liang believes the final differentiators will be cost, time-to-market, and user experience. He foresees Chinese companies playing a major role by offering systematically lower-cost AI services globally. DeepSeek's commercialization strategy involves offering API services at a "reasonable profit" and focusing on coding Agents. He remains committed to open-sourcing even their strongest models, seeing no downside as the barriers to effective deployment remain high. The company operates with a unique dual management structure combining top-down direction with significant bottom-up, unstructured research time for employees. Data quality and post-training are identified as major current challenges, with half of core researchers involved in data labeling efforts. Liang concludes that DeepSeek aims to be one of several trillion-dollar companies in the AI era, achieved through extreme focus on its chosen path.

链捕手Há 25m

4 Hours, 118 Responses: Liang Wenfeng’s Internal Q&A Addresses Everything

链捕手Há 25m

A 30% Chance of a Fed Rate Hike Next Week?

Amid rising oil prices and a lack of clear guidance from the Federal Reserve, markets are repricing policy risk. While most economists expect the Fed to hold rates steady next week, interest rate markets now imply roughly a 30% probability of a hike, pushing U.S. Treasury yields higher across the curve. The 2-year yield hit a new high since early 2025, the 10-year yield reached its highest level this year, and the 30-year yield neared its highest since 2007. However, a Citigroup report from July 23 argues this market pricing does not reflect a widespread bet on an imminent hike. Instead, it represents a higher risk premium demanded by investors to hedge against a potential policy surprise. The report explains that with forward guidance becoming more ambiguous and oil prices boosting inflation risks, uncertainty has increased. Historically, the risk premium around Fed meetings was negligible, but it has now grown as the Fed relies more on data-dependent communication. The lack of clear guidance means that even if the Fed stands pat, yields may not fall significantly, as this uncertainty premium could persist until a clearer communication framework is reestablished.

链捕手Há 26m

A 30% Chance of a Fed Rate Hike Next Week?

链捕手Há 26m

After Three Consecutive Quarters of Decline, Can the Crypto Market Find a Window for Stabilization in Q3?

The cryptocurrency market has just concluded its worst-performing quarter since 2022, with total capitalization dropping 12.6% to $2.1 trillion. All core metrics indicate capital is leaving the sector, not just rotating within it. Bitcoin fell 14.2% and Ethereum dropped 25.4% in Q2, breaking their previous correlation with US tech stocks. A key driver is the reversal in US spot Bitcoin ETF flows, which saw a net outflow of approximately $4.67 billion in Q2, including a record monthly outflow near $4.5 billion in June. While recent data suggests long-term holders are accumulating again, sustained ETF outflows mean continued selling pressure. Market focus is now singularly on the Federal Reserve. The upcoming July FOMC meeting is seen as the most critical event for Q3. A dovish signal could support Bitcoin reclaiming a $68,000-$84,000 range, while a hawkish stance might establish a new trading band around $50,000-$56,000. Additionally, regulatory uncertainty persists, with the progress of the crucial *CLARITY Act* stalling in the Senate, reducing its perceived 2026 passage probability to 40-45%. Despite the broad downturn, a few sectors showed growth. Prediction markets saw nominal volume surge 48.7% year-over-year to $113.8 billion, and tokenized collectibles transaction volume rose 143% quarterly to $1.4 billion. The Real-World Asset (RWA) tokenization sector also continued steady growth, now representing ~$28.1 billion in on-chain value. The market's foundation for an extreme crash appears limited, with Bitcoin price hovering near its 200-week moving average. However, the trading paradigm has shifted from narrative-driven speculation to decisions based on price action, policy developments, and interest rate expectations, making a broad sentiment-driven rally unlikely in the near term.

marsbitOntem 08:36

After Three Consecutive Quarters of Decline, Can the Crypto Market Find a Window for Stabilization in Q3?

marsbitOntem 08:36

Trading

Spot

Artigos em Destaque

Como comprar NAKA

Bem-vindo à HTX.com!Tornámos a compra de Nakamoto Games (NAKA) simples e conveniente.Segue o nosso guia passo a passo para iniciar a tua jornada no mundo das criptos.Passo 1: cria a tua conta HTXUtiliza o teu e-mail ou número de telefone para te inscreveres numa conta gratuita na HTX.Desfruta de um processo de inscrição sem complicações e desbloqueia todas as funcionalidades.Obter a minha contaPasso 2: vai para Comprar Cripto e escolhe o teu método de pagamentoCartão de crédito/débito: usa o teu visa ou mastercard para comprar Nakamoto Games (NAKA) instantaneamente.Saldo: usa os fundos da tua conta HTX para transacionar sem problemas.Terceiros: adicionamos métodos de pagamento populares, como Google Pay e Apple Pay, para aumentar a conveniência.P2P: transaciona diretamente com outros utilizadores na HTX.Mercado de balcão (OTC): oferecemos serviços personalizados e taxas de câmbio competitivas para os traders.Passo 3: armazena teu Nakamoto Games (NAKA)Depois de comprar o teu Nakamoto Games (NAKA), armazena-o na tua conta HTX.Alternativamente, podes enviá-lo para outro lugar através de transferência blockchain ou usá-lo para transacionar outras criptomoedas.Passo 4: transaciona Nakamoto Games (NAKA)Transaciona facilmente Nakamoto Games (NAKA) no mercado à vista da HTX.Acede simplesmente à tua conta, seleciona o teu par de trading, executa as tuas transações e monitoriza em tempo real.Oferecemos uma experiência de fácil utilização tanto para principiantes como para traders experientes.

165 Visualizações TotaisPublicado em {updateTime}Atualizado em 2026.06.02

Discussões

Bem-vindo à Comunidade HTX. Aqui, pode manter-se informado sobre os mais recentes desenvolvimentos da plataforma e obter acesso a análises profissionais de mercado. As opiniões dos utilizadores sobre o preço de NAKA (NAKA) são apresentadas abaixo.