The company plans to issue ordinary shares for $ 5 billion. The risk appraisers will perform TD Securities, Cantor Fitzgerald & Co, B.. Riley Securities and other organizations.
According to Kindlymd CEO David Bailey, cooperation with financial institutions will be an important tool for implementing a strategy for creating a bitcoin reserve. The top manager assured that the new business model is not risks for shareholders. Bitcoin is becoming an increasingly common asset in the portfolios of large investment funds, Bailey said.
Against the background of news about the purchases of bitcoins, the daily drop in Kindlymd securities exceeded 12%.
Bailey serves as an adviser to crypto actures in the administration of US President Donald Trump.
Earlier, Kindlymd announced the purchase of 5743.91 BTC at an average price of $ 118 204 per coin. Now the total number of bitcoins on the Kindlymd balance is 5764.91 coins.
Source: Bits
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