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Bitcoinmagazine
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KindlyMD Secures $51.5M to Accelerate Its Bitcoin Treasury Strategy
- KindlyMD, Inc. secures $51.5 million in private placement financing to accelerate its Bitcoin treasury strategy as it prepares to merge with Nakamoto Holdings Inc.
- Nakamoto raises an additional $51.5 million through a private investment in public equity (PIPE) which brings their treasury to $763 million in escrow, pending merger approval with KindlyMD.
- KindlyMD has raised a total of approximately $563 million in PIPE financing and $763 million including convertible notes.
- The funding round was priced at $5.00 per share and closed in under 72 hours, showing strong investor interest. The proceeds will be used to purchase Bitcoin and support working capital.
- The merger between KindlyMD and Nakamoto Holdings is expected to close in Q3 2025, pending SEC review and shareholder notification.
- The goal of the merger is to bring Bitcoin to the center of global capital markets within a compliant and transparent structure, aiming to deliver sustained value to shareholders.
- KindlyMD aims to leverage Bitcoin's dominance and real-world utility to strengthen its company and provide long-term value for investors once the merger is complete.
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