The post KindlyMD Stock Slides on $5B Raise for Bitcoin Buys appeared on BitcoinEthereumNews.com. Shares in the Healthcare company KindlyMD dropped on Tuesday after it announced a $5 billion at-the-market equity offering program to raise funds to increase its Bitcoin holdings.  The healthcare services company, which recently merged with Nakamoto Holdings and adopted a Bitcoin (BTC) treasury strategy, said on Tuesday that it filed with the US Securities and Exchange Commission to issue and sell up to $5 billion worth of common stock through its program. The company plans to use proceeds for general corporate purposes, including BTC accumulation, working capital, acquisitions, capital expenditures and investments in projects. “Following the successful completion of our merger between KindlyMD and Nakamoto just two weeks ago and our initial purchase of Bitcoin, this initiative is the natural next phase of our growth plan,” said KindlyMD chair and CEO David Bailey, who is also a crypto policy adviser to the Trump administration. The company acquired 5,744 BTC for about $679 million at a weighted average price of $118,204 per Bitcoin, on Aug. 19.  Offering key to Bitcoin strategy, CEO says  “It’ll take us a while to build the necessary liquidity to complete the program, but it’ll be a critical tool as we execute our strategy,” Baily said on X.  When asked about the strategy’s transparency compared with that of Michael Saylor’s Strategy, Bailey said: “We want to be world-class at transparency and governance, we have a lot of immediate items that must be prioritized but over the course of the year we will dramatically improve here.” Related: Bitcoin bear market is likely years away: Trump adviser David Bailey The stock sales will be conducted through multiple sales agents, including TD Securities, Cantor, and others, with shares sold at prevailing market prices on exchanges such as Nasdaq. Kindly MD shares slump  Investors seemed critical of the equity offering as… The post KindlyMD Stock Slides on $5B Raise for Bitcoin Buys appeared on BitcoinEthereumNews.com. Shares in the Healthcare company KindlyMD dropped on Tuesday after it announced a $5 billion at-the-market equity offering program to raise funds to increase its Bitcoin holdings.  The healthcare services company, which recently merged with Nakamoto Holdings and adopted a Bitcoin (BTC) treasury strategy, said on Tuesday that it filed with the US Securities and Exchange Commission to issue and sell up to $5 billion worth of common stock through its program. The company plans to use proceeds for general corporate purposes, including BTC accumulation, working capital, acquisitions, capital expenditures and investments in projects. “Following the successful completion of our merger between KindlyMD and Nakamoto just two weeks ago and our initial purchase of Bitcoin, this initiative is the natural next phase of our growth plan,” said KindlyMD chair and CEO David Bailey, who is also a crypto policy adviser to the Trump administration. The company acquired 5,744 BTC for about $679 million at a weighted average price of $118,204 per Bitcoin, on Aug. 19.  Offering key to Bitcoin strategy, CEO says  “It’ll take us a while to build the necessary liquidity to complete the program, but it’ll be a critical tool as we execute our strategy,” Baily said on X.  When asked about the strategy’s transparency compared with that of Michael Saylor’s Strategy, Bailey said: “We want to be world-class at transparency and governance, we have a lot of immediate items that must be prioritized but over the course of the year we will dramatically improve here.” Related: Bitcoin bear market is likely years away: Trump adviser David Bailey The stock sales will be conducted through multiple sales agents, including TD Securities, Cantor, and others, with shares sold at prevailing market prices on exchanges such as Nasdaq. Kindly MD shares slump  Investors seemed critical of the equity offering as…