Nakamoto Holdings Raises $51.5 Million in 72 Hours for Bitcoin Accumulation

Nakamoto Holdings, a Bitcoin holding company founded by David Bailey, has successfully secured $51.5 million in fresh capital through a private placement in public equity (PIPE) deal. The funds were raised in less than 72 hours, indicating a strong investor appetite for Nakamoto’s Bitcoin accumulation strategy. Bailey emphasized the company's goal to raise as much capital as possible to acquire as much Bitcoin as possible, reflecting the growing interest in Bitcoin as a strategic treasury asset.

The financing, priced at $5.00 per share, brings KindlyMD’s total funding to approximately $563 million, and $763 million including convertible notes. The proceeds from this round will be primarily used for Bitcoin purchases, along with working capital and general corporate needs. The PIPE financing is set to close alongside the anticipated merger with KindlyMD, which trades under the ticker NAKA on the Nasdaq.

Nakamoto Holdings was launched earlier this year with the explicit goal of building a sizable Bitcoin treasury. The company's approach mirrors that of other corporate entities aiming to leverage BTC as a reserve asset. The merger with KindlyMD, a healthcare technology firm, was approved by its shareholders last month and is expected to finalize in the third quarter of 2025, subject to SEC review and shareholder notification. The combined company aims to leverage Bitcoin's dominance and real-world utility to strengthen its operations and drive sustained long-term value for investors.

David Bailey, the Founder and CEO of Nakamoto Holdings, expressed strong investor demand for the company, stating that the additional financing was raised quickly due to the option for more working capital and the acquisition of Bitcoin. Bailey emphasized the company's goal to bring Bitcoin to the center of global capital markets within a compliant and transparent structure. The partnership with Anchorage Digital will enable Nakamoto Holdings to implement this vision with high levels of security and battle-tested infrastructure.

Tim Pickett, the CEO of KindlyMD, expressed excitement about leveraging Bitcoin's dominance to strengthen the combined company and drive sustained long-term value for investors. KindlyMD, known for its data-driven approach to healthcare and focus on reducing opioid use, offers services covered by Medicare, Medicaid, and private insurance. The company's merger with Nakamoto Holdings is expected to strengthen its financial position and drive long-term value for its investors.

The successful fundraising and merger plans highlight the growing interest in Bitcoin as a strategic treasury asset among companies. Nakamoto Holdings' strategy to acquire as much Bitcoin as possible aligns with the increasing market confidence in the cryptocurrency's long-term potential. The company's focus on compliance and transparency, along with its partnership with Anchorage Digital, positions it as a leader in the Bitcoin treasury space.