KindlyMD De Plan $5B Equity Raise to Build Bitcoin Treasury
Di Nasdaq-listed healthcare company KindlyMD under CEO David Bailey go dey sell equity for market to raise up to $5 billion to buy Bitcoin small small. Dem join hand with TD Securities, Cantor Fitzgerald and B. Riley, just make dem fit turn the money dem go get to BTC over time to make sure say their company treasury get better mix. The news make their share price drop, cos investors dey fear say the crypto exposure go fit bring wahala and market go sharp. Following wetin MicroStrategy do before, KindlyMD wan take am slow, dey give update make e no spoil their liquidity. Traders suppose dey watch how the buying dey go, balance-sheet changes and how market dey react as the program dey happen.
Bullish
One $5 billion corporate buy for Bitcoin dey signal big new demand for BTC, e dey reflect MicroStrategy style wey always dey support price through large-scale buying. Even though market buying fit make spreads wide small and increase wahala for price (volatility), consistent treasury piling up by one Nasdaq-listed company show say dem get long-term trust for Bitcoin as store of value. For short term, traders fit see spikes for OTC and exchange volume; for long term, this move fit help institutional adoption and ginger bullish feel for crypto markets.