OneMedNet has completed a private financing of 4.6 million US dollars, of which 1.8 million US dollars were used to purchase Bitcoin
Medical data company OneMedNet announced the completion of a $4.6 million private financing round, with $1.8 million used to purchase Bitcoin. The institutional investors in this round reportedly include subsidiaries of Off the Chain Capital and Discovery Capital Management. Since going public through a SPAC transaction at the end of last year, OneMedNet's stock price has fallen by more than 90%. Brian Dixon, CEO of Off The Chain Capital, stated that for publicly listed companies, it is crucial to reinvest some cash into Bitcoin rather than real estate, stocks or bonds in order to maximize shareholder value.
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