One Nasdaq company raised $51.5M within 72 hours to purchase Bitcoin

What is the anatomy of a Bitcoin Pivot? How KindlyMD was able to raise $51,5M in just 72 hours

KindlyMD is a Nasdaq company that has secured the capital it needs to make its transition into a Bitcoin public company.

KindlyMD Inc., (Nasdaq : KDLY), raised $51.5 million in June 2025 via a PIPE deal (Private Investment in Public Equity). The transaction was completed in only 72 hours. This round was tied in with the company’s ongoing merger with Nakamoto HoldingsThe company is led by David BaileyBTC Inc. is the company that created Bitcoin.BTC) Magazine.

This funding forms part of an overall plan to merge KindlyMD and Nakamoto Holdings. The combined entity, once the merger has been completed, will move away from the healthcare industry and become Nakamoto Holdings Inc. Capital raised from the merger will be used to buy BitcoinBoth firms claim that. 

In the article, it is stated that official press releaseDavid Bailey was the one who called for the increase “extraordinary,” noting: “We’ve been blown away by the interest, closing $51.5 million in under 72 hours shows that institutional investors are ready to bet big on a Bitcoin-native strategy.”

Nakamoto Holdings & David Bailey spoke The merger announcement and capital raising will be made on X Spaces and in the Crypto Community.

Investors were overwhelmingly interested in the capital raising at $5 per share. The company reported that its revenues had increased by 45%. “incredible demand” Despite the fact that they could have raised much more money, they capped it at $51.5 million to align with short-term treasury plans.

The rapid rise of this traditional public company, which was not crypto-based, marked an unusual moment in time when it became almost instantly a Bitcoin first play.

KindlyMD’s transition from healthcare to bitcoin: A look at the company.

A reverse merger is taking place to transform the public healthcare firm into a fully-fledged Bitcoin Treasury vehicle.

KindlyMD began as a healthcare firm focusing on alternative treatment methods. The Utah-based company was the first to use data-driven treatment models in conjunction with legally accepted psychedelics. The company was founded in Utah and is one of the pioneers to combine data-driven models with legal psychedelic treatment. 1,600 to 1,900 patients It operated Utah’s largest network for medical cannabis clinics. This company incorporated traditional prescriptions as well as behavioral therapies, medical cannabis and other forms of treatment into its “Complete Care” Model to track results and combat the opioid epidemic 

After securing shareholder acceptance, the company is now planning to merge with Nakamoto Holdings. This was created specifically to speed up Bitcoin adoption through capital markets. 

KindlyMD’s services will be available as follows:

• Nakamoto Holdings Inc.
• Commence trading using a newly assigned ticker symbol.
• Reorient the entire strategy of your company around Bitcoin

KindlyMD’s healthcare identity will remain until this merger is finalized, but the capital structure of its business and narrative has already shifted.

Did You Know? Bitcoin was the original currency of Bitcoin. KindlyMD A pioneer of alternative medicine. He served patients via a network clinics focusing on medical marijuana and psychedelic assisted therapy. 

Bitcoin and PIPEs: A new way to invest institutional capital?

Public companies can raise money quickly with PIPEs, but some use them for direct BTC purchases.

The PIPE route has become a preferred method for raising capital in a flexible and fast manner, especially by companies undergoing reorientation.

• A PIPE is a way for a publicly traded company to directly raise capital from institutional investors. This usually happens at a share price that has been negotiated. The PIPE is more flexible and faster than an IPO, and it’s increasingly used for crypto-aligned investment strategies.
• KindlyMD’s $51.5M round of PIPE was an excellent example. It was fast, well-subscribed and in line with future Bitcoin Treasury plays. Even before the merger was completed, investors were given indirect and upside exposure to BTC.
• PIPE funded public companies could be the best way to attract institutional capital into Bitcoin, as regulatory paths for ETFs and crypto tokens remain complicated.

Did You Know? Recently, Nasdaq listed firms such as Strive Asset Management or SharpLink Gaming were established. raised hundreds of millions of dollars through PIPE deals, not for R&D or expansion, but to buy Bitcoin and Ether (ETH( ) to their corporate treasurers.

Nakamoto Holdings combines asset acquisition with BTC-aligned businesses models

Nakamoto Holdings Wants to Replicate the “Bitcoin per share” While actively developing BTC-aligned business, model.

Bailey’s vision Nakamoto Holdings is a company that draws its products from Strategy’s high-profile treasury strategy But adds operational ambition and execution speed. Not only is it to buy BTCs, but also to increase Bitcoin reserves per share. Equity holders will have direct access to the increasing reserve.

The company can take many different paths after the merger, such as, but not only:

• The majority of your capital should be allocated to Bitcoin purchase
• Buy or build Bitcoin-native companies in the media, fintech, and finance industries
• Maintain investor confidence by following institutional grade reporting and custody standards

The hybrid is a mix of treasury vehicles and Bitcoin-native companies, where speed plays a major role.

Bitcoin is a strategy and not just a reserve

It’s not just about BTC. The company needs to be rebuilt around BTC.

The fundamental change that this method represents is what makes it so important. KindlyMD doesn’t just allocate a portion of its funds to Bitcoin. It’s rebuilding the entire company, including its brand, market strategy, and operational focus around BTC.

Nasdaq reports that the Nasdaq is the largest stock exchange in America announcementNakamoto Holdings has a mission to help the world become a better place. “the first publicly traded Bitcoin-native holding company,” “institutionalize Bitcoin capitalism.” Investors who are interested in Bitcoin or Bitcoin-aligned assets will be targeted by the company.

It is a sign of a more profound evolution in the narrative surrounding Bitcoin for corporations: From hedge to anchor; from diversification and definition.

After a merger, what can you expect?

The new entity, if the merger goes through as planned will start investing capital in Bitcoins and other digital currencies.

In the months ahead, there could be:

• Change of ticker from KDLY (formerly KDLY) to NAKA
• Rebranding of Nakamoto Holdings Inc.
• The PIPE Proceeds Bitcoin accumulating
• Announcements on Bitcoin native acquisitions and new business launches

The company will use institutional custodians for its treasury operation and plan to disclose transparently the BTC reserve, following Strategy’s model of public BTC reporting.

It could also set an example for other companies to be able to access the Bitcoin ecosystem at scale by using capital markets.