🚨 KindlyMD Shares Drop on $5B Bitcoin Stock Offering 🚨
📉 Healthcare firm KindlyMD (NAKA) slid -12% Tuesday (and another -2.7% after-hours to $7.85) after filing for a $5B equity offering program to fund its Bitcoin treasury strategy.
🔑 Key Highlights:
1️⃣ $5B stock issuance → Funds to be used for BTC buys, acquisitions, and corporate growth.
2️⃣ Recently merged with Nakamoto Holdings → pivoted to a Bitcoin strategy.
3️⃣ Already acquired 5,744 BTC (~$679M) at avg. $118,204/BTC 💰.
4️⃣ CEO David Bailey (Trump crypto policy adviser) says this is the “next phase” of growth.
5️⃣ Despite sell-off, stock is up 330% since May & +550% YTD 🚀.
🪙 Wider Market Moves:
Red Light Holland (Canada) also boosted its Bitcoin exposure → bought 10,600 shares of IBIT ETF & integrating advanced algo trading.
⚡ Investors are cautious on dilution but the Bitcoin treasury strategy playbook (à la MicroStrategy) is spreading fast.
#NAKA #KindlyMD #Bitcoin #BTC #CryptoNews #EquityOffering #Stocks #CryptoAdoption🚨 KindlyMD Shares Drop on $5B Bitcoin Stock Offering 🚨
📉 Healthcare firm KindlyMD (NAKA) slid -12% Tuesday (and another -2.7% after-hours to $7.85) after filing for a $5B equity offering program to fund its Bitcoin treasury strategy.
🔑 Key Highlights:
1️⃣ $5B stock issuance → Funds to be used for BTC buys, acquisitions, and corporate growth.
2️⃣ Recently merged with Nakamoto Holdings → pivoted to a Bitcoin strategy.
3️⃣ Already acquired 5,744 BTC (~$679M) at avg. $118,204/BTC 💰.
4️⃣ CEO David Bailey (Trump crypto policy adviser) says this is the “next phase” of growth.
5️⃣ Despite sell-off, stock is up 330% since May & +550% YTD 🚀.
🪙 Wider Market Moves:
Red Light Holland (Canada) also boosted its Bitcoin exposure → bought 10,600 shares of IBIT ETF & integrating advanced algo trading.
#NAKA #KindlyMD
