KindlyMD Launches Massive Bitcoin Treasury Program
Nasdaq-listed KindlyMD is gearing up to bolster its Bitcoin holdings. The company recently announced a $5 billion equity plan aimed at expanding its BTC treasury.
This move comes just months after KindlyMD acquired over 5,700 BTC through its merger with Nakamoto Holdings. With this new initiative, KindlyMD could perhaps increase its BTC holdings to over 50,000 coins.
The filing allows KindlyMD to sell shares gradually on Nasdaq through several underwriters, including TD Securities and Cantor. The funds raised will primarily support the company’s strategy of building one of the world’s largest corporate Bitcoin treasuries.
- Corp Bitcoin treasuries are growing, with top 100 companies holding nearly 1 million BTC.
- At current prices, a full $5B raise could add nearly 45,000 BTC to the treasury.
- KindlyMD’s BTC-first strategy was approved by shareholders earlier this year.
KindlyMD’s action mirrors a broader trend where corporations are increasingly adopting Bitcoin. Data from BitcoinTreasuries.net reveals that the world’s top 100 public firms collectively hold around 988,000 BTC, valued at approximately $109 billion.
While this strategy presents risks due to Bitcoin’s volatility, many companies view it as a long-term investment.With its NASDAQ listing, KindlyMD brings added credibility to the corporate Bitcoin scene. As more institutions embrace cryptocurrencies, KindlyMD’s bold step might inspire others to follow suit.
