Kindly MD, Inc. (NASDAQ: NAKA) has introduced it has secured an extra $51.5 million in personal placement financing to its Bitcoin treasury technique, because it prepares to merge with Bitcoin-native holding firm Nakamoto Holdings Inc.
To date, KindlyMD has raised a complete of roughly $563 million in PIPE financing and $763 million together with convertible notes, in response to the announcement.
“Investor demand for Nakamoto is incredibly strong. This additional financing was raised in under 72 hours, adding the option for more working capital in addition to acquiring bitcoin,” stated the Founder and CEO of Nakamoto David Bailey. “We continue to execute our strategy to raise as much capital as possible to acquire as much bitcoin as possible.”
The funding spherical, priced at $5.00 per share, closed in beneath 72 hours, signaling sturdy investor curiosity. Proceeds can be used to buy Bitcoin and help working capital and normal operations. The financing is ready to shut concurrently the merger.
“Our goal is to bring Bitcoin to the center of global capital markets within a compliant, transparent structure,” acknowledged Bailey. “We are excited to partner with Anchorage Digital to implement our vision with the highest levels of security and battle-tested infrastructure and enable us to deliver sustained value to shareholders.”
On Might 20, KindlyMD acquired shareholder approval for its merger with Nakamoto Holdings, getting nearer to changing into a significant public Bitcoin treasury firm. The deal is predicted to shut in Q3 2025, pending SEC evaluate and shareholder notification.
“This milestone brings us one step closer to unlocking Bitcoin’s potential for KindlyMD shareholders,” Bailey stated. “We are grateful that KindlyMD shares our vision for a future in which Bitcoin is a core part of the corporate balance sheet, and investors across global capital markets have exposure to the world’s greatest asset and store of value.”
KindlyMD provides a definite strategy to healthcare, combining data-driven care with a concentrate on decreasing opioid use by way of customized therapy and training round different medication. Its providers are coated by Medicare, Medicaid, and personal insurance coverage.
“We are pleased to achieve this important milestone in the merger process,” acknowledged the CEO of KindlyMD Tim Pickett. “As a combined company, we are excited to leverage Bitcoin’s dominance and real-world utility to strengthen our company and drive sustained long-term value for our investors.”
Disclosure: Nakamoto is in partnership with Bitcoin Journal’s guardian firm BTC Inc to construct the primary world community of Bitcoin treasury firms, the place BTC Inc gives sure advertising providers to Nakamoto. Extra info on this may be discovered right here.
