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🩺 Kindly MD Falls After $250M Convertible Note Deal with Antalpha
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Kindly MD (NAKA) shares dropped nearly 3% after-hours following news of a $250 million, 5-year convertible note agreement with fintech firm Antalpha.
The company, which merged with Bitcoin firm Nakamoto, said proceeds will fund Bitcoin treasury expansion and replace a $203M BTC-backed loan.
CEO David Bailey said the partnership highlights “Bitcoin companies backing Bitcoin companies” to create new financing structures for crypto treasuries.
