Bitcoin treasury company KindlyMD completes $200 million convertible note issuance, which will be used to increase Bitcoin holdings

ChainCatcher news, according to an official announcement from KindlyMD, has completed a $200 million convertible note issuance, which will be used to purchase more BTC. Previously, the company raised $540 million through a public equity private placement (PIPE).

On August 15, Nakamoto Holdings completed a merger with KindlyMD, launching Bitcoin treasury operations. The merged company will operate under the name KindlyMD, with BTC Inc. co-founder David Bailey serving as CEO. Anchorage Digital, which has the only federally chartered digital asset bank in the U.S., will provide Bitcoin custody and trading services for KindlyMD, supporting its Bitcoin treasury operations following the merger with Nakamoto.