In brief
- Nasdaq-listed Kindly MD filed an automatic shelf registration for up to $5 billion.
- The move follows a $679 million Bitcoin purchase through its subsidiary.
- Analysts warn Bitcoin-focused treasuries may drain liquidity from altcoins.
Nasdaq-listed healthcare firm Kindly MD filed an automatic shelf registration statement with the SEC on Tuesday, electing to distribute up to $5 billion in stock as it expands its capital reach following a $679 million Bitcoin purchase last week.
“Bitcoin will serve as our primary treasury reserve asset, and we are focused on accumulating a long-term Bitcoin position,” Kindly MD stated in the filing.
The filing establishes Kindly MD as a Well-Known Seasoned Issuer, a designation that allows the company to tap capital markets with more flexibility.
It also authorizes a mix of instruments beyond common stock, with distribution handled by underwriters including Cantor Fitzgerald, TD Securities, and B. Riley Securities in the U.S., as well as Canada’s Canaccord Genuity
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Author: Vince Dioquino
