KindlyMD Files $5B Stock Offering to Expand Bitcoin Holdings
The post KindlyMD Files $5B Stock Offering to Expand Bitcoin Holdings appeared on BitcoinEthereumNews.com.
TLDR KindlyMD filed a $5 billion equity offering program to increase its Bitcoin holdings The company recently purchased 5,744 BTC for $679 million at an average price of $118,204 per Bitcoin NAKA shares dropped 12% following the announcement, but are still up 330% since May CEO David Bailey, a crypto policy adviser to the Trump administration, called this the “natural next phase” of their growth plan The filing establishes KindlyMD as a Well-Known Seasoned Issuer, allowing more flexible capital market access KindlyMD, a healthcare company that has embraced a Bitcoin treasury strategy, announced on Tuesday that it filed with the US Securities and Exchange Commission for a $5 billion at-the-market equity offering program. The primary purpose of this offering is to fund the expansion of its Bitcoin holdings. The company’s shares reacted negatively to the news, dropping 12% on Tuesday and falling an additional 2.7% in after-hours trading to $7.85. Despite this recent decline, KindlyMD stock has seen a dramatic rise of 330% since early May when the company first announced its Bitcoin strategy plans. Overall, the stock is up 550% year-to-date. The healthcare services company recently completed a merger with Nakamoto Holdings just two weeks ago. Following the merger, KindlyMD made its first Bitcoin purchase, acquiring 5,744 BTC for approximately $679 million at a weighted average price of $118,204 per Bitcoin on August 19. David Bailey, KindlyMD’s chair and CEO who also serves as a crypto policy adviser to the Trump administration, described the equity offering as “the natural next phase of our growth plan.” Bailey addressed the timeline for the offering on social media platform X, stating, “It’ll take us a while to build the necessary liquidity to complete the program, but it’ll be a critical tool as we execute our strategy.” Excited to partner with TD Securities…
Filed under: News - @ August 27, 2025 11:21 am