PANews June 20 news, according to Businesswire, Kindly MD, Inc. (NASDAQ: NAKA), which previously announced plans to merge with Bitcoin-native holding company Nakamoto Holdings Inc., announced that it has completed an additional $51.5 million private investment in public equity ("PIPE financing") to support its plan to establish a Bitcoin reserve. So far, KindlyMD has raised approximately $563 million through PIPE financing, and if convertible bonds are included, the total raised is approximately $763 million. Nakamoto's founder and CEO David Bailey stated that the company will continue to execute its strategy to raise as much capital as possible to buy as much Bitcoin as possible. The net proceeds from the PIPE financing will be used by KindlyMD to purchase Bitcoin, as well as for operating funds and general corporate purposes.
