Nasdaq Firm OneMedNet Dumps All Bitcoin to Fund Operations

OneMedNet, a healthcare data firm listed on the Nasdaq, has confirmed that its Bitcoin holdings dropped to zero as of June 30, 2026. The company previously bought roughly 34 BTC in late 2024 to build financial resilience, but it spent the following months systematically selling off the stash to cover daily operating expenses.

The firm now faces a serious liquidity crisis. Its latest financial report shows only $358,000 in cash against $4.73 million in current liabilities. This massive deficit has prompted management to warn that the company may not have enough funding to continue operations for another year.

While the company describes these sales as part of its treasury strategy, the shift in language from active policy to a previously adopted one suggests the Bitcoin reserve is no longer a priority. The firm is now turning to share dilution and new financing agreements to raise capital, which may put further pressure on existing investors.

Investors should keep an eye on how OneMedNet handles its mounting debt. With no Bitcoin left in reserve and cash running low, the company is reliant on future stock sales to keep the lights on, a move that could significantly impact the value of its outstanding shares.