According to Blockbeats, Nakamoto Holdings, a Bitcoin custodian under KindlyMD, has finalized a $210 million USDT loan with Kraken on December 9, 2025. The fixed-term loan carries an 8% annual interest rate and is due on December 4, 2026. The loan is secured by at least $323.4 million worth of Bitcoin, held by Kraken's affiliate Payward Financial under a shared account control agreement. The proceeds will be used to fully repay obligations under an existing loan agreement with Antalpha Digital. Nakamoto Holdings, which launched its Bitcoin custodian operations in August 2025, is led by BTC Inc. co-founder David Bailey as CEO. Anchorage Digital, the only federally chartered digital asset bank in the U.S., will provide Bitcoin custody and trading services.
Nakamoto Holdings Secures $210M USDT Loan from Kraken with Bitcoin Collateral
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