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Bitcoin Treasury Company KindlyMD Completes $200 Million Convertible Note Issuance to Further Bitcoin Holdings

By: theblockbeats.news|2025/08/19 01:22:07

BlockBeats News, August 19th, Bitcoin Treasury company KindlyMD (Nasdaq: KDLY) announced the completion of a $200 million convertible note issuance, which will be used to purchase more BTC. Previously, the company had raised $540 million through a private investment in public equity (PIPE) offering.

On August 15th, Nakamoto Holdings completed a merger with KindlyMD, launching Bitcoin Treasury operations. The merged company will operate under the name KindlyMD, with BTC Inc. co-founder David Bailey serving as CEO. Anchorage Digital, the only federally chartered digital asset bank in the United States, will provide Bitcoin custody and trading services to KindlyMD, supporting its Bitcoin Treasury operations following the merger with Nakamoto.

Blockchain lending company Figure has submitted a public IPO application and will trade on the Nasdaq under the ticker symbol FIGR.

TD Cowen maintains a Strategy of a $680 Price Target, predicts it will Hold 4.3% of the BTC Total Supply in 2027