Kindlymd and Nakamoto Holdings have secured an additional $51.5 million in PIPE financing to expand their bitcoin treasury strategy, bringing total raised funds to $763 million.
Bitcoin Treasury Plans Boosted as Kindlymd and Nakamoto Lock in Fresh Funding
Kindlymd, Inc. (NASDAQ: NAKA) and Nakamoto Holdings Inc. have announced the successful close of an additional $51.5 million in private placement equity financing (PIPE) to further their bitcoin treasury initiative.
According to the announcement, this latest round lifts Kindlymd’s total capital raised to approximately $763 million when including previous PIPE financings and convertible notes.
The newly secured funds will primarily be directed toward the purchase of bitcoin, as part of the company’s long-term treasury reserve strategy. Remaining proceeds are earmarked for general corporate purposes and working capital needs.
The financing is set to close alongside Kindlymd’s anticipated merger with Nakamoto Holdings, a bitcoin-native holding firm focused on integrating digital assets into corporate treasury operations.
“This additional financing was raised in under 72 hours, adding the option for more working capital in addition to acquiring bitcoin. We continue to execute our strategy to raise as much capital as possible to acquire as much bitcoin as possible,” said David Bailey, Founder and CEO of Nakamoto.
Kindlymd, a healthcare data and value-based care provider, has pivoted into the digital asset space through its partnership with Nakamoto, signaling the increasing convergence of traditional sectors and crypto finance. This move mirrors a growing trend of publicly listed firms adopting bitcoin as a strategic reserve asset amid shifting macroeconomic conditions.
