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Nakamoto Holdings raised USD 51.5M to expand its Bitcoin treasury strategy.
Nakamoto Holdings, led by David Bailey, advisor to Trump on cryptocurrency matters, raised USD 51.5 million in fresh capital to accelerate its Bitcoin acquisition strategy.
The Bitcoin holding company Nakamoto Holdings, founded by David Bailey, cryptocurrency advisor to United States President Donald Trump, has secured USD 51.5 million in fresh capital through a private placement of public equity (PIPE), according to a statement from its merger partner KindlyMD.
Bailey stated that the new funds were raised in less than 72 hours, reflecting the growing interest of investors in Nakamoto's Bitcoin (BTC) accumulation strategy.
"Investor demand for Nakamoto is incredibly strong," Bailey said. "We continue to execute our strategy of raising as much capital as possible to acquire as much Bitcoin as possible."
The funding, priced at USD 5 per share, raises KindlyMD's total funding to approximately USD 563 million, and to USD 763 million if convertible bonds are included.
✨Nakamoto is launching to create a Bitcoin treasury.
Nakamoto's approach reflects the strategy used by other corporate entities aiming to leverage BTC as a reserve asset. The company was established earlier this year with the explicit goal of creating a significant Bitcoin treasury, despite the overall market confidence remaining mixed.
