According to the most recent information, KindlyMD, a Nasdaq-listed firm, has raised $51.5 million from investors via Private Investment in Public Equity. The company intends to use the raised amount to acquire Bitcoin, as it now plans to broaden its investment beyond traditional investments.
KindlyMD has entered a definitive merger agreement with Nakamoto Holdings Inc. on May 12, 2025, to establish a Bitcoin treasury strategy. The merger approved by KindlyMD shareholders is expected to close in Q3 2025, pending regulatory approval.
According to the press release dated June 20, 2025, “ The transaction includes $51.5 million in gross proceeds from a fully committed PIPE financing priced at $5.00 per share and consisting of common stock in KindlyMD. The net proceeds from the PIPE financing are intended to be used by KindlyMD to purchase Bitcoin and for working capital and general corporate purposes. The PIPE financing is expected to close concurrently with the merger.”
Following this development, the founder and CEO of Nakamoto Holdings, David Bailey said, “ 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,” he added, “ We continue to execute our strategy to raise as much capital as possible to acquire as much bitcoin as possible.”
A quick update on Bitcoin prices
According to data from CoinMarketCap, Bitcoin is currently exchanging hands at $117,339 with an intraday loss of 3.55%; however, it’s added 8.08% to its price in a week.
When writing, it is currently trading above 20-day, 50-day, 100-day, and 200-day exponential moving averages. In the year to date, Bitcoin prices grew around 26%.
The recent correction in BTC prices has paved a path for a new all-time high for Bitcoin in the coming trading session, and if bullish momentum continues, the possible resistance it would test is $124,892 and $142,981, yet its support levels are $87,758 and $55,094.
Constant praise from institutions with publicly listed companies has ignited a new spark in Bitcoin trading, and over the last few months, dozens of companies have announced their intent to invest beyond traditional products, especially in Bitcoin.
