KindlyMD said Tuesday it plans to boost its Bitcoin holdings through a five-year, $250 million secured convertible note deal between its Nakamoto Holdings treasury unit and Antalpha, as part of a broader partnership between the two Nasdaq-listed firms. Salt Lake City, Utah-based KindlyMD, a healthcare data company that pivoted to Bitcoin accumulation in May after merging with Nakamoto, said it intends to use the convertible debt for "long-term financing...with less dilution risk to its shareholders compar ...

Nearly everyone is awaiting the Federal Reserve's decision on interest rates and the crypto community is monitoring how Bitcoin's price will react to the much-anticipated announcement. Traders on Polymarket think there is more than a 90% chance of a rate cut by at least 25 basis points on Sep. 17. Related: What is Crypto? Cryptocurrency explained Two Prime founder and CEO Alexander Blume thinks that if the Fed indeed slashes rates, Bitcoin treasury firms could witness a hike in funding via private invest ...

Core Points - Prospera Energy Inc. plans to raise up to $2,000,000 through a non-brokered private placement of 12% convertible debentures, with conversion prices set at $0.05 for the first year and $0.10 for the second year [1][2] - The funds raised will be allocated for well reactivation, production optimization, strategic acquisitions, and working capital [2][4] - The offering includes a provision for a forced conversion if the company's shares trade at $0.125 for ten consecutive days [2] Financial Details - The convertible debentures will have a two-year term and will be secured by a second-priority lien, subordinate to existing senior debt [2][4] - Interest on the debentures is set at 12%, calculated quarterly and payable at maturity or conversion date, with the option to pay in cash or shares [2][4] - The company may pay finders a fee of 7% in cash and 7% in warrants for their assistance in the offering [2][3] Operational Updates - Prospera has mobilized a service rig to its Cuthbert property for a multi-well program aimed at increasing production [6] - Approximately 20% of the company's oil production is now committed to a seasonal asphalt sales agreement, enhancing netbacks through better pricing and transportation efficiencies [5] - The company is advancing a polymer flood pilot project in the Luseland pool, with three potential locations identified for optimal polymer injection [7] Strategic Initiatives - The corporation is working on consolidating its balance sheet under one senior secured debt instrument to enhance capital flexibility and support its business plan [4] - The company is expected to release its Q1 2025 financial statements on May 21, 2025, followed by an investor conference call on May 22, 2025 [8]