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51.5m

Trump Adviser’s Firm Raises $51.5M in 72 Hours to Buy Bitcoin

by admin June 21, 2025

Nakamoto Holdings, started by David Bailey, a crypto expert advising U.S. President Donald Trump, has raised $51.5 million in just 72 hours by selling shares at $5 each. This money, announced by their partner KindlyMD, shows that investors believe in Nakamoto’s plan to buy and hold a lot of Bitcoin.

Together with KindlyMD, Nakamoto Holdings has now raised $563 million, or $763 million including convertible notes, as they get ready to merge in fall 2025.

Bailey said, “People want to invest in us, and he further added that we are working to raise more money to buy more Bitcoin.” Nakamoto, launched in 2025, wants to follow companies like MicroStrategy by keeping Bitcoin as a major asset. Most of the new money will go toward buying Bitcoin, with some used for running the company.

KindlyMD, a healthcare company listed on Nasdaq, agreed to merge with Nakamoto in May. After the merger, the new company plans to create businesses focused on Bitcoin, like in finance or media. It stated that it will use stocks and loans to buy more Bitcoin.

A website called BitcoinTreasuries stated that 27 companies have added Bitcoin to their accounts last month, showing that more businesses are interested in owning Bitcoin. There are risks for companies like Nakamoto Holdings. Fakhul Miah from GoMining Institutional said smaller companies might not have strong enough protections for their Bitcoin investments.

Standard Chartered, a bank, warned that if Bitcoin’s price falls below $90,000, some companies could lose money or have to sell their Bitcoin, which might make the crypto market look bad. Even with these risks, both firms are moving forward with their merger, and they have further plans to keep buying Bitcoin.

This bold strategy positions these businesses as important players in the expanding cryptocurrency market, but they must exercise caution due to the significant volatility of Bitcoin’s price.

Also Read: Parataxis to Launch South Korea’s First Bitcoin Treasury Firm

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June 21, 2025 0 comments

Crypto Trends

Nakamoto Holdings Raises $51.5M to Expand BTC Treasury

by admin June 21, 2025

Bitcoin holding company Nakamoto Holdings, founded by US President Donald Trump’s crypto adviser, David Bailey, has secured $51.5 million in fresh capital through a private placement in public equity (PIPE) deal, according to a statement from merger partner KindlyMD.

Bailey said that the new funds were raised in less than 72 hours, reflecting growing investor appetite for Nakamoto’s Bitcoin (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.”

The financing, priced at $5.00 per share, brings KindlyMD’s total funding to approximately $563 million, and $763 million including convertible notes.

Related: Europe’s first Bitcoin treasury firm buys another $20M BTC, now holds over $170M

Nakamoto launches to build a Bitcoin treasury

Nakamoto’s approach mirrors the playbook used by other corporate entities aiming to leverage BTC as a reserve asset. The company was launched earlier this year with the explicit goal of building a sizable Bitcoin treasury, even as broader market sentiment remains mixed.

Proceeds from the latest round will be used primarily for Bitcoin purchases, along with working capital and general corporate needs. The PIPE financing is set to close alongside the anticipated merger with KindlyMD, which trades under the ticker NAKA on the Nasdaq.

Last month, shareholders of healthcare services firm KindlyMD approved a merger with Nakamoto Holdings. Both companies plan to file information statements with the SEC, with the merger expected to finalize in Q3 2025.

The companies first announced the merger on May 12, saying the merged entity would use equity, debt, and other offerings to develop a slew of Bitcoin-native companies. Additionally, the company will bolster its treasury by accumulating Bitcoin.

Related: Norwegian crypto firm K33 raising more funds to buy up to 1,000 BTC

Firms add Bitcoin to balance sheets

At least 27 organizations have added Bitcoin to their treasuries over the past month, according to data from BitcoinTreasuries.NET, signaling continued interest in BTC among public companies.

Entities holding Bitcoin. Source: BitcoinTreasuries.NET

However, some analysts remain skeptical. Fakhul Miah of GoMining Institutional noted that smaller firms may be adopting Bitcoin out of necessity rather than strategy, potentially lacking the proper safeguards.

Standard Chartered has also raised concerns, warning that if BTC drops below $90,000, half of these companies could face liquidation risks, posing reputational challenges for the broader crypto market.

Magazine: New York’s PubKey Bitcoin bar will orange-pill Washington DC next

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June 21, 2025 0 comments

Bitcoin options worth nearly $3B to expire on June 13

NFT Gaming

KindlyMD, Nakamoto secure $51.5m more for Bitcoin push

by admin June 21, 2025

Utah-based telehealth provider KindlyMD is now channeling millions into Bitcoin via its expected merger with Nakamoto. The latest $51.5 million PIPE round proves investors are all-in on the crypto pivot, even as skeptics question the long-term play.

KindlyMD and Nakamoto Holdings, the Bitcoin (BTC)-focused investment firm founded by David Bailey, announced on June 20 that they have secured an additional $51.5 million in PIPE financing, bringing their total committed capital for Bitcoin treasury accumulation to $763 million.

The latest round, priced at $5 per share in KindlyMD stock, was fully subscribed in under 72 hours, signaling strong institutional interest despite broader market uncertainty.

“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. We continue to execute our strategy to raise as much capital as possible to acquire as much bitcoin as possible,” David Bailey, Founder and CEO of Nakamoto, said.

According to the statement, KindlyMD will use the funds to purchase Bitcoin and bolster working capital once its expected merger with Nakamoto closes following shareholder approval.

Nakamoto’s latest capital raise is part of a broader trend: corporations are stockpiling Bitcoin at an unprecedented pace. The number of companies executing formal Bitcoin treasury strategies now exceeds 220, according to public filings and data from BitcoinTreasuries.net.

That list includes Strategy, the Michael Saylor-led firm that pioneered corporate BTC accumulation during the pandemic, as well as relative newcomers like Semler Scientific and Metaplanet, which are deploying capital into BTC as both a treasury reserve and a long-term hedge against inflation and currency debasement.

However, while institutional investor appetite for Bitcoin continues to rise, analysts warn that BTC-focused corporate treasuries pose various risks, including liquidity concerns, regulatory uncertainties and crypto market’s notorious volatility, which can force firms to sell at a loss in bear markets.

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June 21, 2025 0 comments