According to Odaily, OneMedNet Corporation, a publicly traded company in the United States, has announced the completion of a securities purchase agreement with certain institutional investors. These investors include affiliates of Off the Chain Capital and Discovery Capital Management. The private placement has raised approximately $4.6 million, after deducting fees and expenses payable by the company. The private placement concluded on July 25, 2024. The price per share of the common stock sold in this offering complies with the minimum price requirements set by Nasdaq rules. The company intends to use the net proceeds from the private placement for working capital and general corporate purposes. While awaiting the utilization of these funds, the company has used $1.8 million of the net proceeds to purchase Bitcoin.