-
Back to menu
Prices
-
Back to menu
-
Back to menu
Indices -
Back to menu
Research
-
Back to menu
Events -
Back to menu
Sponsored
-
Back to menu
Videos -
Back to menu
-
Back to menu
-
Back to menu
Webinars
Select Language
By Jamie Crawley|Edited by Sheldon Reback
Aug 27, 2025, 9:17 a.m.
- KindlyMD the health-care company that recently merged with bitcoin treasury firm Nakamoto, announced an at-the-money equity sale for up to $5 billion to fund the purchase of more BTC.
- NAKA shares fell 12% to $8.07 on Tuesday, bearing the burnt of BTC’s relatively depressed price action.
KindlyMD (NAKA), the Nasdaq-listed health-care company that recently merged with bitcoin BTC$110,981.61 treasury firm Nakamoto, is set to offer as much as $5 billion in equity to fund the purchase of more BTC.
The Salt Lake City-based firm filed a shelf registration statement with the U.S. Securities and Exchange Commission (SEC) for an at-the-market equity offering program.
STORY CONTINUES BELOW
The program will allow the company to sell common stock with timing and amounts to be determined by a variety of factors, including market prices, the company said on Tuesday. The funds also be used for general corporate purposes, such as acquisitions of businesses, assets or or technologies.
KindlyMD commenced its bitcoin treasury strategy earlier this month, making its first acquisition of 5,743.91 BTC ($635.4 million) on or around Aug. 19.
NAKA shares fell 12% to $8.07 on Tuesday, bearing the burnt of BTC’s relatively depressed price action. Bitcoin has fallen over 10% since climbing to a high of over $123,000 in the middle of this month, according to CoinDesk data.
Read more: David Bailey’s Nakamoto Holdings Going Public Via Merger With KindlyMD; Shares Soar 650%
Jamie has been part of CoinDesk’s news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
More For You
By Krisztian Sandor|Edited by Stephen Alpher
17 hours ago
Investment bank Roth Capital said the move had the potential to “materially re-rate the stock.”
What to know:
- Hut 8 plans to more than double its power capacity by developing four new sites in the U.S., expanding to over 2.5 GW across 19 locations.
- The company’s stock surged 10% to a seven-month high on the news.
- Data center firms gain investor interest due to rising demand for AI computing power.
