KindlyMD completes $200 million convertible bond financing to increase its holdings of Bitcoin.

GateNews

2025-08-18 21:12:44

BTC4,03%

Golden Finance reports that Nasdaq-listed company KindlyMD (NAKA, merged with Bitcoin treasury company Nakamoto) completed a $200 million convertible bond financing last Friday, with the funds to be used to increase its holdings of Bitcoin. The financing was arranged by Yorkville Advisors, with terms requiring KindlyMD to pledge Bitcoin equivalent to twice the principal as collateral, and allowing bondholders to convert to stock at an initial price of $2.8 per share.

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