Kraken BTC-Collateralized Loan

Nakamoto Inc.

Notes

Denominated in USDT
BTC-collateralized
Proceeds used to repay Antalpha interim loan

Outstanding

$210.00M

Issue date

2025-12-03

Principal

$210.00M

Coupon

8.00%

Maturity

2026-12-04

Conversion price

—

Terms sources(1)

Form 8-K (Kraken BTC-collateralized loan)
Nakamoto Inc. — 2025-12-09
Source

Outstanding history(1)

As of	Outstanding	Kind	Locator	Source
2025-12-03	$210.00M	REPORTED	—	Source

2025-12-03 — $210,000,000 — REPORTED
filing — Nakamoto Inc.
Source