Shares in Bitcoin miner IREN and treasury company Kindly MD have closed with losses on Tuesday after each announced multimillion-dollar convertible note deals amid a slowdown in venture capital activity in the crypto sector.
Shares in IREN (IREN) finished Tuesday’s trading session with a gain of 6.81% but dropped 4.9% after the bell to trade at $58.66 following the company’s data-ct-non-breakable=”null” href=”https://www.globenewswire.com/news-release/2025/10/07/3162931/0/en/IREN-Announces-Proposed-Convertible-Notes-Offering.html” rel=”noopener nofollow” target=”_blank” title=”null”>announcement of an $875 million data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/what-are-convertible-senior-notes-how-microstrategy-uses-them-to-buy-bitcoin” title=”null”>convertible senior note offering.
Healthcare company Kindly MD, which merged with David Bailey’s Bitcoin firm Nakamoto, also said on Tuesday…
