Fresh Off Bitcoin Merger, KindlyMD Unveils $5 Billion Funding Push

KindlyMD, a healthcare services firm listed on Nasdaq, has announced plans to raise up to $5 billion through an at-the-market equity offering program (ATM program) filed with the US Securities and Exchange Commission (SEC). The company will issue and sell shares of its common stock under this program, which will give it flexibility to raise funds over ￰0￱ Treasury Strategy In its official blog post, KindlyMD said that the proceeds will be used for a range of purposes, most notably to support its Bitcoin treasury strategy adopted after its merger with Nakamoto ￰1￱ this, the funds may also go toward working capital, acquisitions of businesses or technologies, capital expenditures, and investments in both existing operations and new ￰2￱ Bailey, Chief Executive Officer and Chairman of KindlyMD, said that the launch of the ATM Program represents a “pivotal step” in the Utah-based company’s long-term capital strategy and added, “Following the successful completion of our merger between KindlyMD and Nakamoto just two weeks ago and our initial purchase of 5,744 Bitcoin, this initiative is the natural next phase of our growth ￰3￱ intend to deploy the ATM Program thoughtfully and methodically, using it as a flexible tool to strengthen our balance sheet, seize market opportunities, and deliver accretive value for our shareholders.” Shares of the company fell sharply on August 26 and closed at $8.07, down 12% from the previous session’s close of $9.17.

The stock traded lower for most of the day, after slipping from an early peak near $9.5 and bottoming just above $7.9 before stabilizing in the ￰4￱ pre-market trading, shares were down another 2.11% to $7.90, which indicated continued ￰5￱ Buying Persists in Weak Market KindlyMD began its Bitcoin strategy this month after completing a merger with Nakamoto ￰6￱ move follows plans outlined in May to accumulate the cryptocurrency and grow per-share holdings, or “Bitcoin Yield,” using equity and debt ￰7￱ from Bitcoin Treasuries revealed that it currently holds more BTC than firms including Semler Scientific and ￰8￱ US-listed companies have steadily expanded their BTC reserves this year – a trend now joined by ￰9￱ latest addition comes at a time when Bitcoin is struggling near $110,000, down about 7% over the past month.