IREN, a Bitcoin mining company, observed a decrease in share prices after announcing an 875 million USD convertible note, dropping 4.9% in after-hours trading. Similarly, Kindly MD, which has merged with Nakamoto, faced a 2.83% decline after revealing a 250 million USD convertible note deal.
The crypto sector experienced a 59% decline in venture capital funding recently. IREN plans to utilize the raised funds for corporate needs, while Kindly MD aims to boost its Bitcoin holdings and refinance existing loans.
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