Nasdaq-listed company KindlyMD plans to issue $5 billion in shares to expand its Bitcoin treasury business

BlockBeats News, August 27th, according to The Block, Nasdaq-listed healthcare company KindlyMD announced on Tuesday that it has filed a shelf registration statement, planning to issue up to $5 billion worth of stock on the market. The company stated that it plans to use the net proceeds to support general corporate purposes, including expanding its Bitcoin treasury.

The company's press release stated that the plan allows the company to issue and sell up to $5 billion worth of common stock through various sales agents, including D.A. Davidson, Cantor Fitzgerald, and B. Riley Securities.