KindlyMD shares fell after the company announced a $5 billion equity offering program aimed at funding its Bitcoin treasury strategy. The healthcare services firm, which recently merged with Nakamoto Holdings, plans to use the proceeds for general corporate purposes, including Bitcoin accumulation, working capital, and acquisitions. The company disclosed that it acquired approximately $679 million worth of Bitcoin at an average price of $118,204 on August 19. CEO Bailey emphasized that the equity offering will be a crucial component in executing their strategy while assuring investors about the company’s commitment to transparency. On the day of the announcement, KindlyMD’s stock dropped 12%, further declining 2.7% in after-hours trading to $7.85, despite a 330% surge since early May when the Bitcoin strategy was made public. Meanwhile, Red Light Holland has updated its investment approach, announcing the purchase of shares in a Bitcoin ETF and exploring advanced trading strategies.

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