Bitcoin Treasury KindlyMD to Issue $250M in Convertible Debt With Nasdaq-Listed Antalpha

KindlyMD, a healthcare data company, is partnering with crypto services provider Antalpha to issue $250 million in convertible debt as part of a strategic agreement. The funds will be utilized to expand KindlyMD's Bitcoin holdings and support general corporate purposes. With the deal, KindlyMD aims to enhance its financial strategy while minimizing shareholder dilution. The partnership marks a significant initiative for both companies, emphasizing their commitment to leveraging Bitcoin in their operations. KindlyMD, which previously pivoted to Bitcoin accumulation after merging with Nakamoto Holdings, currently holds about $726 million in Bitcoin and is recognized as the 19th largest Bitcoin treasury. The announcement follows a period of volatility for KindlyMD shares, which recently saw a significant decline. The company is positioned to navigate uncertain market conditions with this new financing strategy, which CEO David Bailey views as a foundational step for future initiatives that protect the company’s value and the broader Bitcoin ecosystem.

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