Kindly MD, Inc. (NASDAQ: NAKA) has announced it has secured a further $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.
So far, KindlyMD has raised a complete of roughly $563 million in PIPE financing and $763 million together with convertible notes, in response to the announcement.
“Investor demand for Nakamoto is extremely sturdy. This extra financing was raised in below 72 hours, including the choice for extra working capital along with buying bitcoin,” stated the Founder and CEO of Nakamoto David Bailey. “We proceed to execute our technique to boost as a lot capital as doable to accumulate as a lot bitcoin as doable.”
The funding spherical, priced at $5.00 per share, closed in below 72 hours, signaling sturdy investor curiosity. Proceeds will likely be used to buy Bitcoin and help working capital and common operations. The financing is about to shut similtaneously the merger.
“Our objective 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 Could 20, KindlyMD received shareholder approval for its merger with Nakamoto Holdings, getting nearer to turning into a significant public Bitcoin treasury firm. The deal is predicted to shut in Q3 2025, pending SEC assessment and shareholder notification.
“This milestone brings us one step nearer to unlocking Bitcoin’s potential for KindlyMD shareholders,” Bailey stated. “We’re grateful that KindlyMD shares our imaginative and prescient for a future by which Bitcoin is a core a part of the company steadiness sheet, and traders throughout international capital markets have publicity to the world’s best asset and retailer of worth.”
KindlyMD presents a definite method to healthcare, combining data-driven care with a give attention to lowering opioid use by way of personalised remedy and schooling round various drugs. Its providers are coated by Medicare, Medicaid, and personal insurance coverage.
“We’re happy to realize this essential 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 mum or dad firm BTC Inc to construct the primary international community of Bitcoin treasury firms, the place BTC Inc supplies sure advertising and marketing providers to Nakamoto. Extra info on this may be discovered here.