Fresh from Bitcoin merger, reveals the friendly $ 5 billion financing spush

Kindlymd, a health care company that is mentioned on Nasdaq, has announced plans to collect up to $ 5 billion via an ATTH-Market Equity Program (ATM program) submitted to the US Securities and Exchange Commission (SEC).

The company will issue and sell shares of its ordinary shares in the context of this program, which will give flexibility to raise money over time.

Bitcoin Treasury strategy

In his official blog post, Kind lymd said That the proceeds will be used for different purposes, in particular to support his Bitcoin Treasury strategy that is adopted after his merger with Nakamoto Holdings. Furthermore, the funds can also go to working capital, acquisitions of companies or technologies, capital expenditures and investments in both existing activities and new projects.

David Bailey, Chief Executive Officer and chairman of Kindlymd, said that the launch of the ATM program is a “crucial step” in the long-term capital strategy of the company and added, added, added, added,

“After the successful completion of our merger between Kindlymd and Nakamoto only two weeks ago and our first purchase of 5,744 Bitcoin, this initiative is the natural next phase of our Growing Plan. We intend to implement the ATM program Carefully and Methodically, the use of it as a flexible aid for our shareholders to strengthen market channels, channels”

Shares of the company fell sharply on 26 August and closed at $ 8.07, with 12% compared to the previous $ 9.17 session. The share acted lower for most of the day, after slaughtering an early peak near $ 9.5 and soil just above $ 7.9 before you stabilized in the afternoon. In the pre-market trade, shares were another 2.11% to $ 7.90, which indicated continuous pressure.

Bitcoin -purchases continues to exist in a weak market

Kindlymd started his Bitcoin strategy this month after completing a merger with Nakamoto Holdings. The movement follows plans described in May to collect the cryptocurrency and grow by share, or “Bitcoin revenue”, with the help of stock and debt offers. Data from Bitcoin Treasuries unveiled That it currently has more BTC than companies, including Semler Scientific and Gamestop.

Various American listed companies have steadily extensive trends this year that is now accompanied by friendly MD. The last addition comes at a time when Bitcoin has a hard time struggling nearly $ 110,000, a decrease of around 7% in the past month.