Public company $NAKA KindlyMD to raise $5 billion to buy more #Bitcoin $mstr https://t.co/DiPTG5LelF
JUST IN: 🇺🇸 Publicly traded KindlyMD is set to raise $5 billion to purchase additional Bitcoin. https://t.co/5uqzoKYvAU
JUST IN: NAKA launches a $5B At-The-Market equity offering with TD Securities and 9 other banks. Proceeds will fund a Bitcoin Treasury strategy, working capital, acquisitions, capex, and new/existing projects. https://t.co/eRwKNGJylF
Publicly traded KindlyMD said it has filed to launch a $5 billion at-the-market equity program, giving it the flexibility to issue new shares over time through TD Securities and a syndicate of nine other banks. The Salt Lake City-based company plans to use the proceeds primarily to expand its Bitcoin treasury holdings, while also funding working capital, acquisitions, capital expenditures and other corporate projects. The move deepens KindlyMD’s strategy of using the cryptocurrency as a balance-sheet asset, following similar initiatives by several US-listed firms.