KindlyMD Secures Additional $51.5M to Bolster Bitcoin Treasury Holdings

KindlyMD Raises $51.5M for Bitcoin Treasury Ahead of Nakamoto Merger

20 June 2025

KindlyMD (NAKA), a Salt Lake City-based healthcare data company set to merge with bitcoin-focused Nakamoto Holdings, has secured an additional $51.5 million to expand its bitcoin treasury, the companies announced Friday.

This latest fundraising round lifts KindlyMD’s total capital raised to $763 million as it prepares for the upcoming merger. The funding was conducted through a private placement equity financing round (PIPE), with shares priced at $5 each.

The round was fully subscribed in less than three days, highlighting strong investor interest, according to David Bailey, founder and CEO of Nakamoto Holdings.

At the time of the announcement, bitcoin was trading at $107,084.52, underlining the ongoing appeal of corporate bitcoin strategies.


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