NEW: 🔥 KindlyMD raises another $51.5M to expand its Bitcoin treasury strategy, bringing total capital raised to $763M. https://t.co/XE6r9k44xm
NEW: 🔥 KindlyMD raises another $5.15M to expand its Bitcoin treasury strategy. https://t.co/KTo81VdNF1
David Bailey’s Nakamoto and KindlyMD raise bitcoin treasury target to $763 million with new PIPE funding https://t.co/oayDcTdRZJ
KindlyMD, which trades on Nasdaq under the ticker NAKA, and its merger partner Nakamoto Holdings have secured an additional $51.5 million in private investment in public equity (PIPE) commitments. The latest tranche lifts total PIPE financing to about $563 million, or roughly $763 million when outstanding notes are included. The companies said the proceeds will be used to acquire Bitcoin for their balance sheet and provide working capital as they pursue a treasury strategy centered on the cryptocurrency. Upon completion of the KindlyMD–Nakamoto combination, the enlarged group is expected to control one of the largest Bitcoin holdings of any publicly listed firm, according to Nakamoto founder David Bailey.
