OneMedNet raised 4.60 million dollars, of which 1.80 million dollars were used to purchase Bitcoin.
Powered by ChatGPTDeepTechFlow News, medical technology company OneMedNet (ONMD) announced that it has raised $4.60 million through a third-party private placement, of which $1.80 million will be used to purchase Bitcoin ($BTC).
Investors participating in this round of financing include cryptocurrency investment fund Off $The $Chain Capital, which is associated with Bloq company's chairman Matthew Roszak and Fortress founder Rob Kauffman. Off $The $Chain Capital's CEO Brian Dixon stated that this move aims to outperform Bitcoin, emphasizing $the importance of publicly traded companies reinvesting some of their cash into Bitcoin rather than real estate, stocks, or bonds. Dixon believes that more and more publicly traded companies will realize $the necessity of including Bitcoin on their balance sheets.
It is worth noting that since going public through a SPAC at $the end of last year, OneMedNet's stock price has dropped by over 90%.