Nasdaq healthcare company promised Bitcoin would safeguard its future – then sold every coin to stay afloat

Share

OneMedNet, a Nasdaq-listed healthcare data company, sold all of its Bitcoin holdings by June 30, 2026, ending a strategy announced in November 2024 with an investment of approximately 34 BTC. The company generated $5.07 million in Bitcoin sales in 2025 and $419,000 in the first half of 2026, but this funding source is now exhausted. OneMedNet reported a $3.41 million working-capital deficit, with only $358,000 in cash against $4.73 million in current liabilities, and indicated that its current conditions raise substantial doubt about its ability to continue as a going concern. The company raised $1 million through a related-party share issuance at $0.69 per share, and has a Yorkville facility potentially allowing stock sales of up to $25 million, though this capacity does not represent cash already received.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles