KindlyMD secured a $210 million USDT loan from Kraken, a move that exceeds the company’s market capitalization of approximately $198.94 million and supports its Bitcoin-focused expansion through Nakamoto Holdings.
The loan, finalized on December 9, carries an 8% annual fee and has a maturity date of December 4, 2026. The financing builds on a previous $203 million term loan from Two Prime Lending Limited and forms a central part of the company’s debt-supported growth strategy in digital assets.
After completing a merger with Nakamoto Holdings in August, KindlyMD shifted from a healthcare firm to a bitcoin treasury operator, using significant loan facilities to grow its cryptocurrency reserves. Through mid-November the company acquired 5,765 BTC at an average cost of $118,204 per coin.
Analysts say the Kraken loan could enable further Bitcoin purchases, strengthening KindlyMD’s position in the digital asset treasury space and reflecting a strategic combination of debt management and asset acquisition.
Industry experts caution that increased exposure to Bitcoin heightens the need to balance loan obligations with market volatility. The company’s financial health will depend on prudent management of price swings, debt maturities and liquidity.
The $210 million financing marks a key chapter for KindlyMD, reinforcing its competitive stance and highlighting a calculated use of financial tools to pursue growth in the rapidly evolving cryptocurrency market.
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