According to PANews, Kindly MD, Inc. (NASDAQ: NAKA), which previously announced plans to merge with Bitcoin-native holding company Nakamoto Holdings Inc., has completed an additional $51.5 million in private investment in public equity (PIPE) financing. This move supports its strategy to establish Bitcoin reserves. To date, Kindly MD has raised approximately $563 million through PIPE financing, and when including convertible bonds, the total amount raised reaches about $763 million.
David Bailey, founder and CEO of Nakamoto, stated that the company will continue its strategy to raise as much capital as possible to acquire Bitcoin. The net proceeds from the PIPE financing will be used by Kindly MD to purchase Bitcoin, as well as for operational funding and general corporate purposes.