- Nakamoto Holdings raised $51.5 million through a private placement in public equity (PIPE) deal.
- The new funding was secured in under 72 hours, according to founder and President Trump’s crypto adviser, David Bailey.
- Proceeds from the funding will support further Bitcoin (BTC) purchases and company operations.
- A merger between Nakamoto Holdings and healthcare company KindlyMD is expected to close in the third quarter of 2025.
- At least 27 companies have recently added Bitcoin to their balance sheets, but some analysts warn of risks if Bitcoin’s price falls sharply.
Nakamoto Holdings, a Bitcoin holding firm established by David Bailey, has raised $51.5 million through a private funding round. The deal, known as a private placement in public equity (PIPE), was completed in less than three days. The funding comes as Nakamoto Holdings prepares to merge with KindlyMD, a healthcare firm listed on the Nasdaq under the ticker NAKA.
The PIPE investment was priced at $5.00 per share. With this latest funding round, KindlyMD has secured about $563 million in total investments, or $763 million when including convertible notes. Bailey stated, “Investor demand for Nakamoto is incredibly strong. We continue to execute our strategy to raise as much capital as possible to acquire as much Bitcoin as possible.” Proceeds from the round will primarily fund additional Bitcoin purchases, along with working capital and other corporate needs.
The strategy behind Nakamoto Holdings is to build a significant reserve of Bitcoin, using the cryptocurrency as a company treasury asset. The PIPE financing will close alongside the planned merger with KindlyMD, which was approved by shareholders last month. Both companies will provide additional details in filings with the U.S. Securities and Exchange Commission. The merger aims to use equity, debt, and other means to develop Bitcoin-based businesses and expand its Bitcoin holdings, according to a statement from KindlyMD.
Recent data from BitcoinTreasuries.NET shows at least 27 organizations have added Bitcoin to their corporate treasuries in the past month, reflecting an ongoing trend among public companies. Some analysts, such as Fakhul Miah of GoMining Institutional, noted that smaller firms may be adding Bitcoin out of necessity and may lack safeguards. Standard Chartered warned that if Bitcoin’s price drops below $90,000, about half these companies could face forced liquidation, potentially affecting reputation and market stability.
Additional examples from the sector include a European Bitcoin treasury firm buying $20 million in BTC and Norwegian company K33’s efforts to raise more funds for Bitcoin purchases.
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