US listed company OneMedNet buys $1.8 million worth of Bitcoin

OneMedNet Corporation, a U.S. public company, announced that it has entered into securities purchase agreements with certain institutional investors, including affiliates of Off the Chain Capital and affiliates of Discovery Capital Management, for a private placement with gross proceeds of approximately $4.6 million (net of fees and expenses payable by the Company), which closed on July 25, 2024. The price per share of common stock sold in this offering met the minimum price requirements of Nasdaq rules. The Company intends to use the net proceeds from the private placement for working capital and general corporate purposes. Pending the use of these funds, the Company used $1.8 million of the net proceeds to purchase Bitcoin. (GlobeNewswire)