Bitcoin Treasury Company KindlyMD Announces $5,000,000,000 Equity Offering To Purchase BTC

The healthcare services firm KindlyMD has announced an equity offering of up to $5 billion designed to further its Bitcoin (BTC) treasury strategy.

Earlier this month, KindlyMD merged with Nakamoto Holdings, a Bitcoin-native holding company, with Nakamoto becoming a wholly owned subsidiary of the healthcare firm.

KindlyMD, which integrates traditional primary care, pain management, behavioral health, and alternative therapies, subsequently purchased 5,744 BTC. The healthcare firm now holds 5,765 BTC worth more than $645 million, the 16th-largest public company Bitcoin treasury in the world.

KindlyMD filed a shelf registration statement and prospectus supplement with the U.S. Securities and Exchange Commission (SEC) for the at-the-market equity offering program, which it is calling “the ATM Program.”

David Bailey, the firm’s chief executive and chairman, says the equity offering “represents a pivotal step” in the company’s long-term capital strategy.

“Following the successful completion of our merger between KindlyMD and Nakamoto just two weeks ago and our initial purchase of 5,744 Bitcoin, this initiative is the natural next phase of our growth plan. We intend to deploy the ATM Program thoughtfully and methodically, using it as a flexible tool to strengthen our balance sheet, seize market opportunities, and deliver accretive value for our shareholders.”

Bitcoin is trading at $111,778 at time of writing.