Bitcoin Treasury KindlymD closes $ 200 million increase to buy more BTC

Bitcoin Treasury Kindlymd has concluded a $ 200 million Convertible Note offer that it will use more BTC, the company announced on Monday.

The issue is the newest step in the strategy of the company to build its BTC interests and contributes to the $ 540 million that the company has collected through a private placement in public shares (Pijp), which was closed at the same time when it was merged with Nakamoto Holdings. The Combine Company retains the child lymd name.

“The company plans to use the net yield of the Cabrioletbod to buy more bitcoin, as well as for working capital and general business purposes,” Kindlymd said In a statement Friday.

In May, friendly, who has shifted his focus as a care provider, Nakamoto Holdings announced their merger. Nakamoto is a holding company that was co -founded by Bitcoin Magazine CEO David Bailey, with the intention of buying Bitcoin. CEO Bailey advised President Trump on his Crypto policy from 2024 while the Republican campaigned.

Ya II PN, Ltd., an investment fund managed by Hedgefonds Yorkville Advisors, manages the financing.

The shares of Kindlymd, which acts on the Nasdaq under the Ticker Naka, closed about 12% on Monday. The idea is that investors will be able to get exposure to the leading cryptocurrency by buying the shares.

A full 168 public companies have Bitcoin Treasuries – a movement made popular by Michael Saylor’s software company Strategy, which began to buy in 2020.

After running software development, the strategy began to buy Bitcoin in August 2020 as a way to generate a better return for its shareholders.

It is the largest company holder of the active with 629,376 BTC worth more than $ 73 billion. It usually works to securitize Bitcoin.

Bitcoin was recently traded for $ 116,605 per coin after falling 1% for a period of 24 hours. According to Crypto data provider Coingecko, it broke a new all times of $ 124.128 last week.

Strategy issues debts to finance its purchases. Since strategy First purchased Bitcoin Five years ago, stock (Nasdaq: MSTR) was accelerated with more than 2,700%.

Some followers of the strategy use reserve -contant money to buy the flagship digital currency, while others issue debts.

But some experts warned that being the crypto game has risks.

Other remarkable treasure chest are twenty -one, started by a combination of crypto and traditional financial powerhouses – Vertel, Bitfinex, Cantor Fitzgerald and Softbank. It contains 43,500 digital coins, although it still has to start acting.