Nakamoto Holdings – a Bitcoin holding company founded by US President Donald Trump’s crypto adviser David Bailey – has received $51.5 million through a Private Placement in Public Equity (PIPE) transaction, according to KindlyMD.
Bailey stated that Nakamoto’s Bitcoin was attracting more investors than ever before.BTC) accumulation strategy.
“Investor demand for Nakamoto is incredibly strong,” Bailey said. “We continue to execute our strategy to raise as much capital as possible to acquire as much Bitcoin as possible.”
KindlyMD now has a total of approximately $763 million in funding, and $563 million if you include convertible notes.
Related: Europe’s first Bitcoin treasury firm buys another $20M BTC, now holds over $170M
Nakamoto starts to create a Bitcoin Treasury
Nakamoto’s playbook mirrors that used by corporate entities looking to leverage BTC for reserve assets. It was founded earlier this year, with the express goal of building up a substantial Bitcoin Treasury.
The proceeds from this latest round of financing will be used to purchase Bitcoins, as well as for working capital needs and other corporate requirements. The PIPE funding is expected to close along with the merger of KindlyMD and NAKA, which are traded on Nasdaq under NAKA.
KindlyMD shareholders voted to approve a new healthcare service firm KindlyMD last month. approved a merger with Nakamoto Holdings. The merger is expected to be finalized in the third quarter of 2025.
These companies are the best. first announced the merger The merged company would utilize equity, loans, and various other options to build a wide range of Bitcoin-native businesses, the statement said on May 12. In addition, it will increase its wealth by collecting Bitcoin.
Related: Norwegian crypto firm K33 raising more funds to buy up to 1,000 BTC
Bitcoin is now included in the financial statements of many firms
There are at least 27 organisations that have been categorized as terrorist organizations. added Bitcoin to their treasuries over the past month, according to data from BitcoinTreasuries.NET, signaling continued interest in BTC among public companies.
Some analysts are still skeptical. Fakhul M. Miah, GoMining Institutional noted that smaller firms may be adopting Bitcoin Out of necessity, rather than a strategic approach, the lack of proper safeguards could be present.
Standard Chartered raised similar concerns. It warned that if BTC dropped below $90,000.000, then half of the companies would be at risk. This could have a negative impact on the reputation of crypto markets.
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Source: cointelegraph.com
