Nakamoto Holdings Secures $51.5 Million in Rapid Bitcoin Treasury Fundraise

Nakamoto Holdings, a Bitcoin holding company founded by David Bailey, has successfully secured $51.5 million through a private placement in public equity deal. The capital raise was completed in under 72 hours through merger partner KindlyMD, a healthcare data firm. KindlyMD sold common stock at $5 per share, bringing the total funds earmarked for Bitcoin treasury operations to $763 million, including convertible notes. Bailey, who serves as a crypto adviser to the US President, has been instrumental in this rapid financing, which reflects the growing institutional appetite for Bitcoin treasury strategies.

The merger between Nakamoto Holdings and KindlyMD was approved by KindlyMD shareholders last month. Both companies are planning SEC filings ahead of a Q3 2025 completion date. The merged entity will trade under the ticker NAKA on Nasdaq while developing Bitcoin-native companies through equity and debt offerings. This strategic move is part of a broader trend of corporate Bitcoin adoption, with at least 27 organizations adding Bitcoin to their corporate reserves over the past month. According to research, 61 publicly listed companies now control 3.2% of Bitcoin's total supply, collectively holding 673,897 Bitcoin worth over $84 billion.

The corporate treasury trend gained momentum following Strategy's pioneering approach. Companies across diverse sectors now view Bitcoin as protection against inflation and currency devaluation. Recent adopters include GameStop, which acquired 4,710 Bitcoin in May 2025, and Japanese firm Metaplanet, targeting 10,000 Bitcoin by year-end. Clearer regulatory frameworks under the current administration have reduced compliance concerns that previously deterred corporate adoption. Companies now use convertible debt and equity raises to finance Bitcoin purchases, creating new capital allocation models for treasury management.

Bitcoin trades around $105,000 as of June 2025, maintaining strength despite recent volatility. Multiple forecasting models project Bitcoin reaching $150,000-$200,000 by year-end 2025, supported by ETF inflows and macroeconomic factors. Institutional Bitcoin investments could reach $120 billion by end-2025, expanding to $300 billion in 2026. Public companies alone may contribute over $100 billion by 2026, creating sustained demand pressure that supports long-term price appreciation.

Despite optimistic projections, financial institutions warn of potential liquidation risks. Analysts caution that companies purchasing Bitcoin above $90,000 face vulnerability to market corrections. Roughly half of corporate Bitcoin treasuries would face losses if prices drop below $90,000. Buying pressure from corporate treasuries could reverse over time, potentially creating downside volatility as market inefficiencies diminish. Critics point to Core Scientific's 2022 collapse as precedent for treasury liquidation risks. Smaller firms may lack proper risk management frameworks compared to established players like Strategy, which weathered the 2022 bear market without selling holdings.

The broader cryptocurrency market remains sensitive to geopolitical tensions and regulatory developments. While institutional adoption provides support, Bitcoin's inherent volatility continues to pose challenges for companies implementing treasury strategies without adequate risk controls. This underscores the importance of robust risk management frameworks for companies venturing into Bitcoin treasury operations.