Reported 1 day ago
KindlyMD announced plans to issue $250 million in secured convertible notes through its Nakamoto Holdings unit in collaboration with Nasdaq-listed Antalpha. This decision aims to enhance its Bitcoin holdings while ensuring less dilution for shareholders. The move comes as KindlyMD faces a significant drop in its stock price, now trading above $1 after a 77% decline over the past month. The funds are expected to replace an existing Bitcoin-secured credit and signify a strategic approach to securing future financing tailored to Bitcoin treasury needs.
Source: YAHOO