Nakamoto Holdings, a Bitcoin custodian under KindlyMD, has secured a $210 million USDT loan from Kraken, finalized on December 9, 2025. The loan, which carries an 8% annual interest rate, is due on December 4, 2026, and is backed by at least $323.4 million in Bitcoin. This collateral is managed by Kraken's affiliate, Payward Financial, under a shared account control agreement. The funds from this loan will be used to repay existing obligations to Antalpha Digital. Nakamoto Holdings, which began its Bitcoin custodian operations in August 2025, is led by CEO David Bailey, co-founder of BTC Inc. Anchorage Digital, the only federally chartered digital asset bank in the U.S., will provide custody and trading services for the Bitcoin involved in this transaction.