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Nasdaq Firm KindlyMD Plans $5 Billion Stock Sale to Boost Bitcoin Treasury
Nasdaq-listed healthcare services firm KindlyMD (NAKA) has unveiled bold plans to raise up to $5 billion through an at-the-market (ATM) equity offering program, signaling its growing commitment to a bitcoin-focused strategy.
$5 Billion Shelf Registration with SEC
On Tuesday, the company announced that it filed a shelf registration statement with the U.S. Securities and Exchange Commission (SEC), giving it flexibility to issue and sell up to $5 billion in common stock over time. The shares will be offered through sales agents including TD Securities, Cantor Fitzgerald, and B. Riley Securities, with pricing tied to prevailing market levels on Nasdaq.
This structure allows KindlyMD to raise capital without requiring individual approvals for each offering, enabling faster access to funds as opportunities arise.
Strengthening Bitcoin Strategy After Merger
The financing move comes just weeks after KindlyMD merged with Nakamoto Holdings, a bitcoin-focused company. Shortly after the merger, the firm disclosed its first major crypto purchase of 5,744 BTC, aligning itself with the corporate treasury playbook popularized by Michael Saylor’s MicroStrategy.
KindlyMD stated that proceeds from the equity program will support general corporate purposes, with a particular emphasis on expanding its bitcoin holdings. The company joins a growing list of public firms diversifying into digital assets, primarily bitcoin and Ethereum, though some are beginning to explore altcoins such as Solana, BNB, and XRP.
Market Reaction and Bitcoin Price Update
Despite the announcement, KindlyMD shares (NAKA) dropped 12% on Tuesday, closing at $8.07, according to Google Finance. Meanwhile, bitcoin rose 1.35% in the past 24 hours, trading at $111,089, data from The Block shows.
As the corporate bitcoin adoption trend accelerates, KindlyMD’s ambitious $5 billion equity program positions it among the most aggressive new entrants into the crypto treasury arena.
