KindlyMD Files S-3 to Raise $5 Billion to Buy Bitcoin
KindlyMD, Inc., a Utah-based medical cannabis and telemedicine services company, has filed an S-3 application with the U.S. Securities and Exchange Commission (SEC), outlining plans to raise up to $5 billion to purchase Bitcoin.
8/27/20253 min read


S3 filing filed with the SEC
KindlyMD, known for its innovative approach to telemedicine and its leadership in providing medical marijuana certification in multiple U.S. states, has grown steadily since its founding. The company’s revenue has reportedly skyrocketed thanks to the expanding legalization of marijuana and the increased demand for its telemedicine services, especially in the wake of the pandemic. However, the company’s market capitalization remains modest compared to traditional healthcare companies, indicating a significant need for capital to scale operations, enhance technology, or enter new markets. Filing an S-3, a simplified registration process reserved for qualified public companies, allows KindlyMD to tap into this capital through a “shelf offering,” which allows securities to be issued over time when market conditions are favorable.
The motivations behind the $5 billion target appear to be multifaceted. First, the capital could support aggressive expansion, including the development of advanced telehealth platforms or the acquisition of competitors in the cannabis or healthcare space. Second, the volatile nature of the cannabis industry—where regulatory changes and federal illegality in the United States continue—could give KindlyMD a boost in its financial resilience. Additionally, the filing coincides with a broader trend of companies using shelf registrations to capture favorable market opportunities, a strategy that has become increasingly popular amid volatile interest rates and investor sentiment toward growth stocks. However, the sheer size of this $5 billion figure raises many eyebrows, given KindlyMD's current financial profile, including limited public data on profits and relatively small scale of operations, leaving many skeptical about its feasibility.


BTC Treasury Race Continues
The S-3 registration statement, filed under the Securities Act of 1933, provides KindlyMD with a streamlined route to raise capital without having to provide the full disclosures required by the initial S-1 filing. The form is typically reserved for companies with at least $75 million in publicly traded shares and a 12-month history of timely filings with the SEC, criteria that KindlyMD meets as a Nasdaq-listed entity. The shelf offering mechanism allows the company to register securities — which can include common stock, preferred stock, debt securities or warrants — up to a $5 billion cap, with specific terms to be detailed in future prospectus supplements as offerings take place over the next three years.
This flexibility is a double-edged sword. On the one hand, it allows KindlyMD to respond quickly to market opportunities, such as issuing bonds during a period of low interest rates or stocks during a bull market. On the other hand, the lack of immediate pricing or allocation details in the initial filing raises speculation about the company’s ability to attract investors for such a large capital raise. The inclusion of bonds and stocks in the portfolio alongside stocks suggests a diversified approach, perhaps aimed at attracting institutional investors looking for fixed-income options in a high-growth sector. However, it also suggests a strategy for managing debt or raising capital without unduly diluting existing shareholders, a tactic that warrants closer scrutiny given the company’s unproven size in the capital markets.
Evaluation and Conclusion
KindlyMD’s S-3 filing to raise up to $5 billion, as reported on Aug. 27, 2025, is a big bet that could reshape the company’s trajectory in healthcare and finance. Driven by its growing capital needs and inspired by the growth of the cannabis and telemedicine markets, the company’s shelf-stable strategy gives it the flexibility to respond to market volatility.
Disclaimer: The information presented in this article is the author's personal opinion on the cryptocurrency field. It is not intended to be financial or investment advice. Any investment decision should be based on careful consideration of your personal portfolio and risk tolerance. The views expressed in the article do not represent the official position of the platform. We recommend that readers conduct their own research and consult with a professional before making any investment decisions.
Explore HCCVenture group
HCCVenture © 2023. All rights reserved.


Connect with us
Popular content
Contact to us
E-mail : holdcoincventure_contact@hccventure.com
Register : https://linktr.ee/holdcoincventure
Disclaimer: The information on this website is for informational purposes only and should not be considered investment advice. We are not responsible for any risks or losses arising from investment decisions based on the content here.


TERMS AND CONDITIONS • CUSTOMER PROTECTION POLICY
ANALYTICAL AND NEWS CONTENT IS COMPILED AND PROVIDED BY EXPERTS IN THE FIELD OF DIGITAL FINANCE AND BLOCKCHAIN BELONGING TO HCCVENTURE ORGANIZATION, INCLUDING OWNERSHIP OF THE CONTENT.
RESPONSIBLE FOR MANAGING ALL CONTENT AND ANALYSIS: HCCVENTURE FOUNDER - TRUONG MINH HUY
Read warnings about scams and phishing emails — REPORT A PROBLEM WITH OUR SITE.