Kindly MD, Inc. (NASDAQ: NAKA) has introduced it has secured an extra $51.5 million in non-public placement financing to its Bitcoin treasury technique, because it prepares to merge with Bitcoin-native holding firm Nakamoto Holdings Inc.
Up to now, 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 robust. 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 robust investor curiosity. Proceeds will likely be used to buy Bitcoin and help working capital and normal operations. The financing is ready to shut concurrently the merger.
“Our aim is to convey Bitcoin to the middle of worldwide capital markets inside a compliant, clear construction,” acknowledged Bailey. “We’re excited to companion with Anchorage Digital to implement our imaginative and prescient with the best ranges of safety and battle-tested infrastructure and allow us to ship sustained worth to shareholders.”
On Might 20, KindlyMD obtained shareholder approval for its merger with Nakamoto Holdings, getting nearer to turning into a significant public Bitcoin treasury firm. The deal is anticipated to shut in Q3 2025, pending SEC evaluation 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 during which Bitcoin is a core a part of the company steadiness sheet, and traders throughout world capital markets have publicity to the world’s biggest asset and retailer of worth.”
KindlyMD affords a definite method to healthcare, combining data-driven care with a deal with decreasing opioid use by means of customized remedy and training round various drugs. Its providers are coated by Medicare, Medicaid, and personal insurance coverage.
“We’re happy to attain 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 traders.”
Disclosure: Nakamoto is in partnership with Bitcoin Journal’s guardian firm BTC Inc to construct the primary world community of Bitcoin treasury firms, the place BTC Inc supplies sure advertising and marketing providers to Nakamoto. Extra data on this may be discovered right here.
