Nasdaq-listed company KindlyMD plans to issue $5 billion in stock to expand its Bitcoin treasury business
Online reports, According to The Block, NASDAQ-listed medical services company KindlyMD announced on Tuesday that it has filed a registration suspension statement and plans to issue shares worth up to US$5 billion on the market. The company said it plans to use the net proceeds to support general corporate purposes, including expanding its Bitcoin treasury. The company's press release stated that the plan allows the company to negotiate new investment projects including TD Securities, Cantor Fitzgerald and B. Various sales agents, including Riley Securities, issue and sell up to $5 billion worth of common stock.
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