Kindly MD, Inc. announced It has raised an additional $51.5 Million in private placement funding to support its Bitcoin Treasury Strategy, as it prepares for a merger with Bitcoin-native holding Nakamoto Holdings Inc.
KindlyMD, in an official announcement, has so far raised a total amount of about $563 million through PIPE and $763 millions including convertible bonds.
“Investor demand for Nakamoto is incredibly strong. This additional financing was raised in under 72 hours, adding the option for more working capital in addition to acquiring bitcoin,” Nakamoto David Bailey, the founder and CEO of Nakamoto. “We continue to execute our strategy to raise as much capital as possible to acquire as much bitcoin as possible.”
Investor interest was high as the funding round at $5.00 per shares closed within 72 hours. The proceeds will be used for purchasing Bitcoin The financing will be used to support the working capital as well as general operations. This financing will close simultaneously with the merger.
“Our goal is to bring Bitcoin to the center of global capital markets within a compliant, transparent structure,” Posted by: stated Bailey “We are excited to partner with Anchorage Digital to implement our vision with the highest levels of security and battle-tested infrastructure and enable us to deliver sustained value to shareholders.”
KindlyMD is launching on May 20. received Shareholder approval of its merger with Nakamoto Holdings brings it closer to being a public Bitcoin Treasury Company. Deal is anticipated to be closed in Q3 of 2025, subject to SEC approval and notification by shareholders.
“This milestone brings us one step closer to unlocking Bitcoin’s potential for KindlyMD shareholders,” Bailey said. “We are grateful that KindlyMD shares our vision for a future in which Bitcoin is a core part of the corporate balance sheet, and investors across global capital markets have exposure to the world’s greatest asset and store of value.”
KindlyMD is a unique approach to healthcare that combines data-driven treatment with an emphasis on opioid reduction through personalized treatments and alternative medicine education. Medicare, Medicaid, as well as private insurance, cover the services.
“We are pleased to achieve this important milestone in the merger process,” Tim Pickett is the CEO and founder of KindlyMD. “As a combined company, we are excited to leverage Bitcoin’s dominance and real-world utility to strengthen our company and drive sustained long-term value for our investors.”
Disclosure: Nakamoto has partnered with Bitcoin Magazine parent company BTC Inc. to create the first global network for Bitcoin Treasury Companies. BTC Inc. provides marketing services to Nakamoto. This can be read more about. here.
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Source: bitcoinmagazine.com
