This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Healthcare firm KindlyMD has pivoted to a Bitcoin treasury strategy, acquiring $679 million worth of BTC. The Nasdaq-listed company’s stock fell sharply following the announcement, highlighting the market’s mixed reaction to corporate crypto moves.
- KindlyMD purchased Bitcoin at an average price of $118,205 per coin, above current market rates near $113,200
- The company raised $740 million specifically for Bitcoin acquisition through a $200M convertible note and $540M PIPE offering
- CEO David Bailey previously advised Donald Trump on crypto policy during the 2024 campaign
📎 Related coverage from: decrypt.co