KindlyMD announces partnership with Antalpha

* KindlyMD (NASDAQ:NAKA [https://seekingalpha.com/symbol/NAKA]) on Tuesday said that it has partnered with Antalpha (NASDAQ:ANTA [https://seekingalpha.com/symbol/ANTA]), a fintech firm, to establish a $250 million secured convertible debt facility.
* The deal marks the first step in developing innovative financing tools for Bitcoin treasury companies.
* The facility is designed to support KindlyMD's growth, expand its Bitcoin holdings, and replace a previous $203 million Bitcoin-secured credit.
* The financing aims to reduce dilution risk for shareholders while accelerating Bitcoin adoption among public companies.
* Antalpha will also provide an interim Bitcoin-backed loan to KindlyMD pending the convertible debt issuance.

* NAKA +0.97% premarket to $1.04.
* Source: Press Release [https://seekingalpha.com/pr/20257067-kindlymd-announces-strategic-partnership-with-antalpha-and-intent-to-establish-250-million]

MORE ON KINDLYMD, ANTALPHA PLATFORM HOLDING

* Kindly MD's Bitcoin Strategy: Premium Valuation, Slower Stacking [https://seekingalpha.com/article/4821997-kindly-md-bitcoin-strategy-premium-valuation-slower-stacking]
* Kindly MD: Stuck In A Highly Dilutive Cycle [https://seekingalpha.com/article/4820587-kindly-md-stuck-in-a-highly-dilutive-cycle]
* Antalpha and Tether partner to expand Global Ecosystem for Tether Gold [https://seekingalpha.com/news/4499740-antalpha-and-tether-partner-to-expand-global-ecosystem-for-tether-gold]
* KindlyMD subsidiary Nakamoto to invest $30 million in Metaplanet [https://seekingalpha.com/news/4493542-kindlymd-subsidiary-nakamoto-to-invest-30-million-in-metaplanet]
* Seeking Alpha’s Quant Rating on KindlyMD [https://seekingalpha.com/symbol/NAKA/ratings/quant-ratings]