KindlymD, a health care company traded by Nasdaq that recently merged with Bitcoin Treasury Company Nakamoto, said that it is planning to collect no less than $ 5 billion in equity to expand his Bitcoin (BTC) reserves.
The company submitted a plank registration to the Securities and Exchange Commission for a market program market, which allowed it gradually to spend shares at prevailing prices.
The proceeds will finance extra bitcoin purchases and can also support the acquisitions of other companies or technologies.
First treasury
Earlier this month, Kindlymd launched his Bitcoin Reserve strategy and unveiled his first purchase of approximately 5,744 Bitcoin with a value of $ 635 million.
The company said that future acquisitions will depend on market conditions and business priorities.
After the announcement, Naka shares fell 12% to $ 8.07, put under pressure by the new stock plan and the recent decrease in Bitcoin.
The largest cryptocurrency in the world has fallen more than 10% since mid -August $ 123,000. From the moment of the press, BTC was traded at $ 111,250, based on CryptoSlate facts.
Part of a larger trend
The Pivot of Kindlymd contributes to a growing list of listed companies that take Bitcoin as a balance set.
The strategy was popularized by Michael Saylor and his business strategy, which has collected more than 600,000 BTC in recent years. Its success has led to various companies, from payment companies to smaller companies, to diversify reserves via Bitcoin.
Proponents claim that Bitcoin can serve as a cover against inflation and currency evaluation, although critics warn that volatility is significant risks.
For KindlymD, the relocation emphasizes how companies outside financing are increasingly blurring the line between business strategy and investments in digital assets, so that exposure to crypto market fluctuations is deepening, while it may be re -arranged how Treasury Management is viewed in traditional industries.
