OneMedNet Bitcoin Investment Completed After Raising $4.6 Million

Key Points:

• OneMedNet completed a private placement on July 25, 2024, securing $4.6 million from institutional investors.
• OneMedNet allocated $1.8 million of the proceeds to purchase Bitcoin, a strategic move towards incorporating cryptocurrency into its financial plans.
• OneMedNet Bitcoin investment aligns with the trend of institutional and publicly traded companies investing in crypto.

OneMedNet Corporation, a pure-play leader in regulatory-grade Real World Data, announced that it had taken a significant action regarding its financial strategy.

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OneMedNet Bitcoin Investment Guaranteed With $1.8 Million

OneMedNet has closed a private placement with institutional investors of approximately $4.6 million, including affiliates of Off the Chain Capital and Discovery Capital Management. The private placement closed on July 25, 2024, and the per share placement price was in accordance with Nasdaq’s minimum price requirements.

The net proceeds from this private placement are expected to be used by OneMedNet for working capital and general corporate purposes. The company has already invested $1.8 million of the proceeds in Bitcoin, a rather bold step in financial strategy. OneMedNet Bitcoin investment brings the company in line with the fast-growing trend of publicly traded companies dipping into cryptocurrency investments.

Corporate Adoption of Bitcoin Grows with OneMedNet’s Move

Historically, the concept of publicly listed firms holding Bitcoin was met with incredulity due to the cryptocurrency’s perceived volatility and fringe status in general. Recent events, however, provide signs of a potential shift in that sentiment.

OneMedNet Bitcoin investment could be part of a broader trend of institutional adoption of cryptocurrencies. It may presage a shift in how companies begin to think about digital assets as part of their financial strategies.

Japanese investment firm Metaplanet has made some new acquisitions of Bitcoin, aiming to tread in the very footsteps of MicroStrategy, which remains the largest corporate holder of Bitcoin with 226,331 BTC as of June 20, according to data provided by BitcoinTreasuries. Another publicly traded company, Semler Scientific, has selected Bitcoin as its primary reserve asset.