Bitcoin News Today: KindlyMD Merges Medicine and Bitcoin in $5B Treasury Push

KindlyMD, a Nasdaq-listed healthcare and Bitcoin treasury company, announced on August 26, 2025, a $5 billion at-the-market (ATM) equity offering program to raise capital for Bitcoin treasury strategy and general corporate purposes. The company filed a shelf registration statement and prospectus supplement with the U.S. Securities and Exchange Commission, enabling the sale of up to $5 billion in common stock. The proceeds will support KindlyMD’s Bitcoin treasury strategy, including capital expenditures, acquisitions, and corporate development. The company’s recent merger with Nakamoto Holdings Inc., a Bitcoin-native holding company, solidified its dual focus on healthcare services and Bitcoin treasury management [1].

The ATM Program will be managed through several underwriters, including TD Securities, Cantor, B. Riley Securities, and others. Sales of shares will occur through the Nasdaq Global Market or other trading platforms, with pricing determined by prevailing market conditions. The company emphasized that it will approach the offering “thoughtfully and methodically,” prioritizing shareholder value and capital flexibility [1].

KindlyMD’s CEO, David Bailey, highlighted the strategic importance of the offering in the context of the company’s recent merger with Nakamoto and its initial purchase of 5,744 Bitcoin. The move aligns with KindlyMD’s broader vision of integrating Bitcoin into its capital structure while continuing to expand its healthcare services. The company noted that the ATM Program complements its ongoing efforts to leverage data analytics to improve patient care and reduce opioid use [1].

In the broader cryptocurrency market, analysts have been closely watching the price behavior of Bitcoin. Willy Woo, a well-known cryptocurrency analyst, pointed out that early Bitcoin investors—who hold significant supply acquired at much lower prices—play a key role in influencing price volatility. According to Woo, these investors require substantial new capital to absorb their BTC sales, which may delay price appreciation. This dynamic has led some to speculate that Bitcoin is experiencing “growing pains” as it transitions from a speculative asset to a more institutionalized one [2].

A contrasting view came from a Bitcoin advocate known as Parman, who suggested that the early investors are unlikely to sell large portions of their holdings. This debate highlights the complexity of predicting Bitcoin’s price trajectory, especially as institutional adoption continues to grow. Meanwhile, companies like KindlyMD and others are increasingly adopting crypto treasury strategies, a trend pioneered by firms like Strategy (formerly MicroStrategy) in 2020 [5].

Diaman Partners conducted a Monte Carlo simulation to estimate Bitcoin’s potential price levels during a hypothetical bear market that could occur by late 2026. Based on the 200-week moving average and historical drawdowns, the firm projected that Bitcoin could find support around $60,000 in December 2026. However, if the price continues to rise and peaks before a potential correction, the support level could exceed $80,000. The study acknowledged that such predictions are speculative and should not be considered investment advice [3].

The growing trend of corporate crypto treasury strategies is also evident in the recent partnership between Trump Media & Technology Group and Crypto.com. The two companies announced a $6.42 billion deal to establish a digital asset treasury focused on the CRO token. The partnership involves a special purpose acquisition company (SPAC) and includes a $5 billion credit line, $1 billion in CRO tokens, and additional warrants and cash. The deal has already led to a 5.6% increase in Trump Media’s stock and a 30% surge in CRO token prices [4].

This trend underscores the increasing role of cryptocurrencies in traditional corporate balance sheets. Companies are now viewing digital assets not just as speculative investments but as strategic reserves to diversify corporate treasuries. This shift is being driven by institutional investors and pension funds that are now legally allowed to hold Bitcoin and other cryptocurrencies in certain jurisdictions [5].

Source:

[1] KindlyMD Announces $5 Billion At-The-Market Equity Offering Program (https://nakamoto.com/update/kindlymd-announces-5-billion-at-the-market-equity-offering-program)

[2] Bitcoin Not Rising Quickly Enough? Analyst Says Early (https://finance.yahoo.com/news/bitcoin-not-rising-quickly-enough-203110676.html)

[3] Estimating Bitcoin's support levels for the next cycle bottom (https://cointelegraph.com/news/bitcoin-s-future-bear-market-bottom-could-be-dollar60k-data)

[4] Trump Media and Crypto.com launch $6bn CRO token (https://finance.yahoo.com/news/trump-media-crypto-com-launch-201543713.html)

[5] Trump Media Partners With Crypto.com on Crypto Treasury (https://www.bloomberg.com/news/articles/2025-08-26/trump-media-partners-with-crypto-com-on-crypto-treasury-company)