According to ChainCatcher, Kindly MD, Inc. (NASDAQ: NAKA) announced the completion of a $51.5 million PIPE financing to support its plan to establish a Bitcoin reserve. To date, KindlyMD has raised approximately $563 million through PIPE financing, and if convertible bonds are included, a total of approximately $763 million has been raised. David Bailey, founder and CEO of Nakamoto, stated that the company will continue to raise funds to purchase more Bitcoin. The net proceeds from the PIPE financing will be used to purchase Bitcoin and for general corporate purposes.

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