[KindlyMD stock slides on $5B stock offering for Bitcoin buys]
KindlyMD shares have dropped after it filed for a $5 billion equity offering program to fund its Bitcoin treasury strategy.

<p><img src="https://static.fwimg.io/img/1px.png" alt="KindlyMD stock slides on $5B stock offering for Bitcoin buys"></p><p>KindlyMD shares have dropped after it filed for a $5 billion equity offering program to fund its Bitcoin treasury strategy.</p>

KindlyMD stock slides on $5B stock offering for Bitcoin buys

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
...

The Black Swan Event Was Actually This: The Real Reason for the Recent Bitcoin Crash

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

South Korean crypto exchange Bithumb announced today it will fully compensate customers affected by an incident in which 620,000 Bitcoin worth over $40 billion was mistakenly distributed to 695 users ...