Nakamoto Holdings Raises $51.5M for Bitcoin Expansion, Merger with KindlyMD
Nakamoto Holdings, led by Trump adviser David Bailey, secured $51.5 million in a private placement at $5 per share within 72 hours, alongside merger partner KindlyMD (Nasdaq: NAKA). This round brings KindlyMD’s total financing to about $763 million, including convertible notes. Shareholders have approved the merger, expected to close by Q3 2025, creating a combined Nasdaq-listed entity focused on aggressive Bitcoin treasury growth and Bitcoin-native business development. Proceeds will fund Bitcoin acquisitions, working capital, and general corporate purposes. The move reflects rising institutional demand for corporate Bitcoin treasuries amid clearer crypto regulation and macroeconomic uncertainty, with at least 27 public companies adding Bitcoin to their balance sheets last month.
Bullish
This news signals strong institutional confidence and corporate commitment to expanding Bitcoin holdings. The rapid $51.5 million private placement and approved merger with KindlyMD boost the combined entity’s firepower for aggressive Bitcoin acquisitions, supporting upward price pressure. Short term, market volatility may persist, but clear regulatory trends and growing corporate treasury demand bode well for sustained Bitcoin accumulation and positive sentiment.