KindlyMD Raises $51.5M to Boost Bitcoin Treasury via Nakamoto Merger
KindlyMD, Inc. (NASDAQ: NAKA) secured a $51.5 million private equity round to accelerate its Bitcoin treasury strategy. The funding, completed in under 72 hours at a $5 per-share valuation, will finance both Bitcoin purchases and working capital. This investment comes on top of $563 million in PIPE and $763 million including convertible notes. Concurrently, KindlyMD will merge with Bitcoin-focused Nakamoto Holdings in Q3 2025, subject to SEC approval and shareholder consent. Founder David Bailey highlighted strong investor demand to acquire more Bitcoin. CEO Tim Pickett said the merger will leverage Bitcoin’s market power and real-world use cases to drive long-term value. KindlyMD’s core business offers personalized, data-driven healthcare in alternative medicine, positioning it uniquely at the healthcare–finance nexus. Nakamoto aims to integrate Bitcoin into global capital markets with compliance and transparency, partnering with Anchorage Digital for top-tier security. This strategic shift places Bitcoin at the center of KindlyMD’s balance sheet and signals growing institutional adoption of digital assets.
Bullish
A major $51.5 million funding round and strategic merger with Nakamoto Holdings signal increased institutional demand for Bitcoin. Similar to MicroStrategy’s aggressive BTC treasury build-up, KindlyMD’s move is likely to support higher Bitcoin prices by reducing supply on exchanges and demonstrating corporate confidence in digital assets. In the short term, large buys may create upward price pressure and volatility; in the long term, anchoring Bitcoin as part of a public company’s balance sheet can attract other institutions and foster sustained market growth.