Kindly MD, Inc. (NASDAQ: NAKA) has announced it has secured a further $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.
Thus far, KindlyMD has raised a complete of roughly $563 million in PIPE financing and $763 million together with convertible notes, in keeping 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,” mentioned the Founder and CEO of Nakamoto David Bailey. “We proceed to execute our technique to boost as a lot capital as potential to amass as a lot bitcoin as potential.”
The funding spherical, priced at $5.00 per share, closed in underneath 72 hours, signaling sturdy investor curiosity. Proceeds might be used to buy Bitcoin and help working capital and normal operations. The financing is about to shut similtaneously the merger.
“Our aim is to convey Bitcoin to the middle of world 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 received 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 mentioned. “We’re grateful that KindlyMD shares our imaginative and prescient for a future wherein Bitcoin is a core a part of the company steadiness sheet, and buyers throughout international capital markets have publicity to the world’s best asset and retailer of worth.”
KindlyMD gives a definite method to healthcare, combining data-driven care with a give attention to lowering opioid use via personalised therapy and schooling round different medication. Its companies are lined 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 guardian firm BTC Inc to construct the primary international community of Bitcoin treasury firms, the place BTC Inc supplies sure advertising and marketing companies to Nakamoto. Extra info on this may be discovered here.
