– KindlyMD raised $200M via convertible notes to expand Bitcoin holdings, following a $540M PIPE deal.
– Funds will acquire Bitcoin and support operations, reflecting corporate trfinishs toward digital asset diversification.
– Merger with Nakamoto Holdings adds expertise, aligning with 168 public companies now holding Bitcoin treasuries.
– Convertible notes offer flexibility to avoid equity dilution, with mixed analyst views on Bitcoin’s volatility risks.
– Strategy aims to accumulate Bitcoin gradually, leveraging potential tax benefits and long-term price appreciation.
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