Bitcoin-Backed Megamerger Accelerates as $51.5M PIPE Fuels Treasury Push

KindlyMD (NASDAQ: NAKA), which is in the process of merging with Bitcoin-focused holding company Nakamoto Holdings Inc., has announced the closing of an additional $51.5 million in private placement public equity (PIPE) financing. This brings the total amount raised through PIPE financing to approximately $563 million, and when combined with convertible notes, the total capital raised exceeds $763 million. The funds will be used to purchase Bitcoin and support working capital and general corporate needs.

The PIPE financing was priced at $5.00 per share, with all shares fully committed, and is expected to close concurrently with the proposed merger between KindlyMD and Nakamoto. The rapid pace of the funding—completed in under 72 hours—underscores strong investor interest in the company’s Bitcoin strategy. David Bailey, Founder and CEO of Nakamoto, emphasized that the firm remains committed to its core objective of acquiring as much Bitcoin as possible by raising substantial capital. He also noted that the additional financing provides more flexibility for both capital allocation and Bitcoin procurement.

The transaction includes support from several key advisors. Cohen & Company Capital Markets served as lead financial advisor and placement agent for the PIPE financing. Legal counsel was provided by Reed Smith LLP for Nakamoto and Brunson Chandler & Jones, PLLC for KindlyMD. These advisors played a pivotal role in facilitating the deal, ensuring compliance, and structuring the transaction to align with the companies’ strategic goals.

The merger and associated financing are part of a broader strategy to establish a publicly traded Bitcoin-focused conglomerate. Nakamoto aims to leverage its growing Bitcoin treasury to develop an ecosystem of Bitcoin-native companies across various sectors, including finance, media, and advisory. The company’s long-term vision includes creating a commercial infrastructure that supports the next generation of capital markets. Meanwhile, KindlyMD’s role in the merger centers on its healthcare and data analytics expertise, which it hopes to integrate with Bitcoin-based financial innovation.

Investors are being advised to review the information statement filed with the SEC, which includes key details about the merger, PIPE financing, and the risks associated with these transactions. The SEC filing will provide transparency on the financial and operational implications of the merger and the capital raise. Investors are encouraged to carefully analyze the information to make informed decisions. The companies have also committed to making all relevant documents available on their websites and through the SEC’s online portal, ensuring accessibility for all stakeholders.

The announcement highlights a growing trend in the financial sector where traditional companies are increasingly embracing digital assets like Bitcoin. By acquiring and managing Bitcoin treasuries, firms are positioning themselves to participate in the evolving capital markets landscape. This strategy is not without risk, as the volatility of Bitcoin and regulatory uncertainties remain key challenges. However, for companies like Nakamoto, the potential long-term benefits of holding and leveraging Bitcoin outweigh the short-term risks.

title1 [https://www.businesswire.com/news/home/20250620361457/en/KindlyMD-and-Nakamoto-Announce-an-Additional-%2451.5-Million-In-PIPE-Financing-To-Support-Bitcoin-Treasury-Efforts]

title2 [https://www.panewslab.com/en/articles/mip2ypu8]