Kenkenlymd, Inc. (NASDAQ: NAKA), a provider of integrated healthcare and a Bitcoin Treasury vehicle through its subsidiary Nakamoto Holdings, collaborates with Number (Nasdaq: Anta).
Number is a fintech company that specializes in funding, technology and risk management solutions for the digital asset industry.
A key component of the partnership is a non-binding letter of intent, under which Nakamoto plans to issue $ 250 million in five-year-old secured convertible notes to Number.
The convertible notes are intended to provide long -term financing with lower dilution risk to shareholders compared to standard convertible debt.
Revenue will also be used to expand Bitcoin Holdings in Nakamoto Bitcoin Treasury, Fund General Corporate Purpose and replace a previous $ 203 million Bitcoin-supported credit facility from Two Prime Lending Limited, which will remain available for future use.
Watching the end of the convertible debt facility, Number PHA will provide a temporary Bitcoin-supported loan to support friendly Treasury operations.
Bitcoin Treasury Adoption
The collaboration is designed to develop innovative financing structures for companies that keep Bitcoin as a State Treasury and to support wider adoption of Bitcoin from public companies.
Number, which has established a leadership position in Bitcoin Mining Supply Chain Financial Services, is expanding its expertise beyond mining to serve organizations that control Bitcoin as a reserve asset.
Business management emphasized the strategic significance of partnerships in line with their long -term vision. David Bailey, chairman and CEO, described the collaboration as “the power of Bitcoin companies that back Bitcoin companies,” emphasized the intention of not only meeting the current financing needs, but also creating a framework for future initiatives that benefit from both the company and the wider Bitcoin ecosystem.
From Number’s perspective, the partnership reflects a common vision for Bitcoin’s role in corporate chamber strategies.
Dr. Derar Islim, COO and CEO of Analpha Americas & EMEA said the company is focused on bridging traditional economic structures and the realities of managing Bitcoin reserves, with this agreement representing the first step in ongoing collaboration to develop solutions to treasury companies on scale.
The message follows a shareholder letter from September 15 from Bailey, emphasizing the adaptation of shareholders and financial partners to support Kindlym’s long -term investment strategy.
Since then, the company has shifted away from prior financing schemes that were not fully in accordance with this strategy, focusing instead on partners who share its commitment to long-term growth and bitcoin resolution.
Disclosure: Nakamoto is partnership with Bitcoin Magazine’s parent company BTC Inc to build the first global network of Bitcoin Treasury companies where BTC Inc provides certain marketing services to Nakamoto. More information about this can be found here.