Bitcoin News Today: KindlyMD Arms Bitcoin Treasury Push With $5B Share Flex Tool

KindlyMD, a Nasdaq-listed company that recently merged with Bitcoin-native holding company Nakamoto Holdings Inc., has announced a $5 billion at-the-market (ATM) equity offering program to fund the expansion of its Bitcoin treasury business. The company filed the offering with the U.S. Securities and Exchange Commission (SEC) on August 26, 2025, under a shelf registration statement and prospectus supplement. The offering allows KindlyMD to issue and sell shares of its common stock, with the total offering price not exceeding $5 billion. The sales agreement involves multiple underwriters, including TD Securities, Cantor Fitzgerald, B. Riley Securities, and others, who will facilitate the issuance and sale of shares through permitted at-the-market methods, including direct sales on the Nasdaq Global Market or any other trading market for KindlyMD stock. The company emphasized that the timing, amount, and pricing of any share sales will depend on a variety of factors, including market conditions and strategic priorities [1].

The proceeds from the ATM program are expected to be allocated to a range of corporate uses, with a primary focus on the continued development of the company’s Bitcoin treasury strategy. These uses include general corporate purposes, working capital, funding of business acquisitions, capital expenditures, and investment in new and existing projects. KindlyMD has formally adopted a Treasury Reserve Policy designating Bitcoin as its primary reserve asset, with the aim of long-term accumulation and leveraging existing holdings for further acquisitions. The company previously secured a $200 million convertible debenture backed by Bitcoin and raised over $500 million in private placements this year to support its Bitcoin purchases [3].

The strategic move aligns with KindlyMD’s broader financial restructuring, which includes the recent merger with Nakamoto and the subsequent acquisition of 5,744 Bitcoin for its treasury. CEO David Bailey highlighted the importance of the ATM program in strengthening the company’s balance sheet, enabling it to seize market opportunities and deliver value for shareholders. The merger with Nakamoto, completed just two weeks prior, marks a pivotal shift in KindlyMD’s capital strategy, allowing it to pursue a dual focus on healthcare innovation and Bitcoin treasury management [1].

The filing follows a growing trend of companies integrating Bitcoin into their capital structures, a model popularized by firms like MicroStrategy. The increasing adoption of digital assets as corporate reserves reflects a broader market shift toward recognizing Bitcoin as a strategic store of value and hedge against macroeconomic uncertainty. KindlyMD’s approach is also supported by its recent public commitment to using Bitcoin as a core component of its financial strategy, signaling a long-term commitment to digital assets as a reserve asset [3].

Investors can access the prospectus supplement and base prospectus for more detailed information about the offering, which became automatically effective upon filing. The document outlines the company’s objectives, risk factors, and the expected use of proceeds. The SEC’s website provides a publicly available record of the registration statement and related materials. The underwriters have also made arrangements for investor inquiries, including contact details for prospectus requests [1].

While the move underscores KindlyMD’s confidence in Bitcoin’s long-term value and utility, it also reflects the company’s need for flexible capital to support its expanding treasury operations and broader business initiatives. The ATM program provides a scalable and market-sensitive tool for financing, allowing the company to respond to changing economic and market conditions without the need for additional debt financing. This strategic flexibility is critical in a rapidly evolving financial landscape where digital asset adoption is accelerating across industries [3].

Source:

[1] KindlyMD Announces $5 Billion At-The-Market Equity Offering Program (https://www.morningstar.com/news/accesswire/1065981msn/kindlymd-announces-5-billion-at-the-market-equity-offering-program)

[2] KindlyMD announces $5B at-the-market equity offering program (https://www.tipranks.com/news/the-fly/kindlymd-announces-5b-at-the-market-equity-offering-program-thefly)

[3] Kindly MD files $5B shelf offering with plans to expand Bitcoin treasury (https://cryptobriefing.com/kindly-md-5b-btc-shelf/)

[4] Bitcoin treasury company Kindly MD plans to apply for $5... (https://www.chaincatcher.com/en/article/2200955)