Kindly MD, Inc. (NASDAQ: NAKA) has introduced it has secured an extra $51.5 million in personal placement financing to its Bitcoin treasury technique, because it prepares to merge with Bitcoin-native holding firm Nakamoto Holdings Inc.
To this point, KindlyMD has raised a complete of roughly $563 million in PIPE financing and $763 million together with convertible notes, in line with the announcement.
“Investor demand for Nakamoto is extremely sturdy. This extra financing was raised in underneath 72 hours, including the choice for extra working capital along with buying bitcoin,” stated the Founder and CEO of Nakamoto David Bailey. “We proceed to execute our technique to boost as a lot capital as attainable to amass as a lot bitcoin as attainable.”
The funding spherical, priced at $5.00 per share, closed in underneath 72 hours, signaling sturdy investor curiosity. Proceeds can be used to buy Bitcoin and help working capital and common operations. The financing is about to shut concurrently the merger.
“Our purpose is to deliver Bitcoin to the middle of worldwide capital markets inside a compliant, clear construction,” acknowledged Bailey. “We’re excited to accomplice with Anchorage Digital to implement our imaginative and prescient with the very best ranges of safety and battle-tested infrastructure and allow us to ship sustained worth to shareholders.”
On Could 20, KindlyMD acquired shareholder approval for its merger with Nakamoto Holdings, getting nearer to changing into a significant public Bitcoin treasury firm. The deal is anticipated to shut in Q3 2025, pending SEC overview and shareholder notification.
“This milestone brings us one step nearer to unlocking Bitcoin’s potential for KindlyMD shareholders,” Bailey stated. “We’re grateful that KindlyMD shares our imaginative and prescient for a future by which Bitcoin is a core a part of the company steadiness sheet, and buyers throughout international capital markets have publicity to the world’s biggest asset and retailer of worth.”
KindlyMD presents a definite strategy to healthcare, combining data-driven care with a concentrate on lowering opioid use by customized therapy and schooling round various drugs. Its companies are coated by Medicare, Medicaid, and personal insurance coverage.
“We’re happy to realize this vital milestone within the merger course of,” acknowledged the CEO of KindlyMD Tim Pickett. “As a mixed firm, we’re excited to leverage Bitcoin’s dominance and real-world utility to strengthen our firm and drive sustained long-term worth for our buyers.”
Disclosure: Nakamoto is in partnership with Bitcoin Journal’s father or mother firm BTC Inc to construct the primary international community of Bitcoin treasury corporations, the place BTC Inc gives sure advertising and marketing companies to Nakamoto. Extra data on this may be discovered right here.
