KindlyMD purchased 21 BTC for the first time and will be included in its Bitcoin financial strategy
According to online reports, NASDAQ-listed company KindlyMD announced that it would purchase 21 bitcoins (equivalent to one millionth of the total bitcoin supply) at a weighted average price of US$109,027 per bitcoin, with a total value of approximately US$2.3 million. It is reported that this is the company's first purchase of bitcoin, using part of the company's total proceeds of US$8,748,370 from the exercise of some outstanding warrants. Previously, KindlyMD shareholders had agreed to merge with Trump-linked Bitcoin company Nakamoto. The merger is expected to be completed 20 days after both parties file SEC information statements, and final delivery is scheduled for the third quarter of 2025.
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