KindlyMD Files $5B ATM Offering to Boost Bitcoin Treasury After Nakamoto Merger
KindlyMD (Nasdaq: NAKA) filed a $5 billion at-the-market equity offering program, with proceeds earmarked for general corporate purposes and expanding its bitcoin treasury. The company can sell shares through agents including TD Securities, Cantor Fitzgerald, and B. Riley Securities at prevailing Nasdaq prices. The move follows its merger with bitcoin-focused Nakamoto Holdings and an initial purchase of 5,744 BTC earlier this month. Inspired by Michael Saylor’s strategy, the firm joins a growing wave of corporates adopting crypto treasuries. On Tuesday, NAKA shares fell 12% to $8.07, while bitcoin rose 1.35% to $111,089.