KindlyMD completes $200 million convertible bond financing to increase bitcoin holdings
2025-08-18 21:13:44
Nasdaq-listed KindlyMD (NAKA, merged with bitcoin treasury firm Nakamoto) on Friday closed a $200 million convertible bond financing that will be used to increase its bitcoin holdings. The financing was arranged by Yorkville Advisors, and the terms required KindlyMD to use bitcoin equivalent to twice the principal as collateral and allowed creditors to convert into shares at an initial price of $2.80 per share.
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