Nakamoto Holdings Raises $51.5M in 72h for BTC Treasury Ahead of KindlyMD Merger
Nakamoto Holdings, backed by Trump crypto adviser David Bailey, closed a $51.5 million PIPE round in just 72 hours at $5 per share. The financing boosts its war chest to $763 million ahead of a Q3 2025 merger with Nasdaq-listed KindlyMD, approved by shareholders. Proceeds will primarily fund Bitcoin treasury purchases to rival MicroStrategy and Europe’s Blockchain Group, while covering working capital and general operations. Since launching its Bitcoin strategy in early 2025, Nakamoto joins 27 companies that added BTC to their balance sheets in June alone. Despite strong investor demand, analysts warn that a drop below $90,000 could trigger liquidations and dent market confidence. Traders should monitor Bitcoin reserve moves and potential volatility as Nakamoto expands post-merger.
Bullish
Securing $51.5 million in under 72 hours underscores strong institutional appetite for Bitcoin exposure, especially as Nakamoto Holdings prepares to merge with KindlyMD and boost its BTC reserve strategy. Expanding corporate treasuries typically supports upward price pressure on BTC in both the short and long term by reducing liquid supply. However, analysts’ warnings about a $90,000 price threshold introduce a note of caution: while the capital raise signals bullish sentiment, potential liquidations below key support could trigger temporary downturns. Overall, this financing and merger plan is likely to sustain positive momentum for Bitcoin.