Overview

• KindlyMD filed a Form S-3 automatic shelf registration on Aug. 26 authorizing up to $5 billion in securities and establishing an at-the-market stock program.
• The filing names multiple sales agents, including TD Securities, Cantor Fitzgerald, and B. Riley Securities, and permits issuance of common and preferred stock, debt, warrants, rights, and units.
• The company says Bitcoin is its primary treasury reserve and now holds roughly 5,765 BTC after an initial August purchase of about 5,744 BTC at a $118,204 average price.
• Reports estimate a full $5 billion raise deployed at current prices could add about 44,900 BTC, potentially lifting holdings above 50,000 BTC, though proceeds may also fund general corporate uses.
• NAKA shares fell sharply following the disclosure, with several outlets citing a ~12% drop, as analysts warn about shareholder dilution, volatility exposure, and possible liquidity pressure on altcoins from growing digital-asset treasuries.