KindlyMD, Inc. (NASDAQ:NAKA) has partnered with fintech firm Antalpha Platform Holding Co. (NASDAQ: ANTA) to establish a $250 million convertible debt facility. This collaboration aims to provide new financing options for businesses that utilize Bitcoin as part of their treasury management. 💸 🤝 🔐 KindlyMD’s subsidiary, Nakamoto Holdings, will issue non-binding five-year secured convertible notes worth $250 million to Antalpha. These funds will be utilized for long-term financing, increasing Nakamoto’s Bitcoin holdings, and supporting general company operations. 📈 💰 The proceeds also replace a previous $203 million Bitcoin-backed credit from Two Prime Lending. However, this existing facility will remain accessible until the new debt facility is finalized. Antalpha has provided an interim Bitcoin-backed loan to meet immediate funding needs while this transition takes place. 🤝 💪 💼 📈 The partnership presents a potential pathway for long-term funding with reduced dilution of shareholder value, yet it comes with inherent risks. The deal remains non-binding, and key aspects such as conversion terms, security provisions, and covenants are yet to be finalized. Market participants will closely watch the execution of this agreement and its timing to gain insights into funding details.