Nakamoto Holdings Reaches $210 Million USDT Loan Agreement with CEX

On December 10, according to an 8-K form submitted to the U.S. Securities and Exchange Commission, Nakamoto Holdings, the Bitcoin digital asset treasury (DAT) company under KindlyMD, completed a USDT-denominated loan of $210 million with CEX on December 9. The fixed-term loan carries an annual interest rate of 8.00% and is set to mature on December 4, 2026. The loan is collateralized by at least $323.4 million worth of Bitcoin, with the collateral held by Payward Financial, an affiliate of CEX. All three parties have signed a shared account control agreement. Nakamoto Holdings will use the proceeds from the CEX loan to fully repay its outstanding obligations under the term loan granted pursuant to the master loan agreement signed with Antalpha Digital on October 6, 2025. Nakamoto Holdings launched its Bitcoin treasury operations in August this year, with BTC Inc. co-founder David Bailey serving as CEO. Anchorage Digital, which operates the only federally chartered digital asset bank in the U.S., will provide Bitcoin custody and trading services.