Nakamoto Holdings raised USD 51.5M to expand its Bitcoin treasury strategy

Nakamoto Holdings, led by David Bailey, an advisor to Trump on cryptocurrency, raised USD 51.5 million in fresh capital to accelerate its Bitcoin acquisition strategy.

Nakamoto Holdings raised USD 51.5M to expand its Bitcoin treasury strategy

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The Bitcoin holding company Nakamoto Holdings, founded by David Bailey, cryptocurrency advisor to U.S. President Donald Trump, has raised USD 51.5 million in fresh capital through a private placement in 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 growing investor interest in Nakamoto's Bitcoin (BTC) accumulation strategy.

"Investor demand for Nakamoto is incredibly strong," Bailey stated. "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, brings KindlyMD's total funding to approximately USD 563 million, and to USD 763 million when including convertible bonds.

Nakamoto is launching 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 substantial Bitcoin treasury, even though overall market confidence remains mixed.

The proceeds from the latest round will be primarily allocated to Bitcoin purchases, along with working capital and general corporate needs. The PIPE funding will close alongside the anticipated merger with KindlyMD, which is listed on Nasdaq under the ticker NAKA.