Nakamoto Holdings Raises $51.5M to Expand BTC Treasury

Bitcoin holding firm Nakamoto Holdings, based by US President Donald Trump’s crypto adviser, David Bailey, has secured $51.5 million in recent capital via a non-public placement in public fairness (PIPE) deal, in line with an announcement from merger accomplice KindlyMD.

Bailey mentioned that the brand new funds had been raised in lower than 72 hours, reflecting rising investor urge for food for Nakamoto’s Bitcoin (BTC) accumulation technique.

“Investor demand for Nakamoto is extremely robust,” Bailey mentioned. “We proceed to execute our technique to lift as a lot capital as doable to amass as a lot Bitcoin as doable.”

The financing, priced at $5.00 per share, brings KindlyMD’s whole funding to roughly $563 million, and $763 million together with convertible notes.

Associated: Europe’s first Bitcoin treasury agency buys one other $20M BTC, now holds over $170M

Nakamoto launches to construct a Bitcoin treasury

Nakamoto’s strategy mirrors the playbook utilized by different company entities aiming to leverage BTC as a reserve asset. The corporate was launched earlier this 12 months with the express aim of constructing a large Bitcoin treasury, whilst broader market sentiment stays blended.

Proceeds from the most recent spherical shall be used primarily for Bitcoin purchases, together with working capital and common company wants. The PIPE financing is about to shut alongside the anticipated merger with KindlyMD, which trades beneath the ticker NAKA on the Nasdaq.

Final month, shareholders of healthcare providers agency KindlyMD authorised a merger with Nakamoto Holdings. Each firms plan to file info statements with the SEC, with the merger anticipated to finalize in Q3 2025.

The businesses first introduced the merger on Could 12, saying the merged entity would use fairness, debt, and different choices to develop a slew of Bitcoin-native firms. Moreover, the corporate will bolster its treasury by accumulating Bitcoin.

Associated: Norwegian crypto agency K33 elevating extra funds to purchase as much as 1,000 BTC

Corporations add Bitcoin to steadiness sheets

At the very least 27 organizations have added Bitcoin to their treasuries over the previous month, in line with information from BitcoinTreasuries.NET, signaling continued curiosity in BTC amongst public firms.

Nonetheless, some analysts stay skeptical. Fakhul Miah of GoMining Institutional famous that smaller corporations could also be adopting Bitcoin out of necessity moderately than technique, probably missing the correct safeguards.