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Nakamoto Holdings Raises $51.5M to Expand BTC Treasury
Crypto Trends

Nakamoto Holdings Raises $51.5M to Expand BTC Treasury

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

KindlyMD, Nakamoto secure $51.5m more for Bitcoin push

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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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Crypto Trends

Nakamoto Holdings Rakes in $51.5 Million for Publicly Traded Bitcoin Treasury

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In brief

  • KindlyMD, which is merging with Bitcoin holdings firm Nakamoto Holdings, has raised $51.5 million to buy Bitcoin.
  • The funds were raised in a private-investment-in-public-equity deal closed on Friday.
  • More companies have recently begun adding Bitcoin to their balance sheets.

Bitcoin holding company Nakamoto Holdings, the firm founded by crypto media entrepreneur David Bailey, has raked in an additional $51.5 million to establish a Bitcoin treasury—a corporate strategy that has become increasingly popular among public companies. 

The funds were raised in a private-investment-in-public-equity deal closed on Friday by Nakamoto’s merger partner KindlyMD, according to KindlyMD’s statement. The healthcare data firm sold its common stock at $5 per share in the raise.  

“Additional investor support signals confidence in Nakamoto’s strategy: acquiring as much Bitcoin as possible on our balance sheet and on the balance sheets of our future portfolio companies,” Bailey told Decrypt. “Today’s announcement propels our mission forward as we gain momentum in bringing Bitcoin exposure to global capital markets.”

The total will largely go toward acquiring Bitcoin for Nakamoto Holdings’ corporate treasury. 

“We continue to execute our strategy to raise as much capital as possible to acquire as much bitcoin as possible,” Bailey said in a statement, adding that the raise took less than three days.

This latest raise brings Nakamoto Holdings’ earmarked funds for its Bitcoin treasury to $763 million.



Bitcoin was recently trading at $102,942, down 1.8% over the past 24 hours, according to cryptocurrency data provider CoinGecko. 

Launched earlier this year by BTC Inc. CEO David Bailey, Nakamoto Holdings aims to snap up large quantities of Bitcoin, banking on the likelihood that the token’s price will increase. The strategy that has gained traction in the corporate world, even among firms with very little or no connection to the digital assets industry. 

In recent weeks, a number of analysts have raised concerns about the risk for these firms if BTC’s price falls, and if a firm’s overall financial performance depends too much on its holdings. 

More than 130 public companies, according to bitcointreasuries.net, have added massive amounts of Bitcoin to their balance sheets—a move popularized by Michael Saylor’s software firm Strategy, which began purchasing the asset in 2020. 

Strategy holds more than 592,000 Bitcoin at a value of more than $60 billion, according to Saylor Tracker, an online tool that tracks the firm’s Bitcoin purchases. 

More broadly, 239 entities, including public and private firms and federal governments—hold at least some Bitcoin, according to data from bitcointreasuries.net. That number of entities HODL-ing the world’s oldest crypto has jumped roughly 14% over the past month, the same data shows. 

Edited by James Rubin

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KindlyMD buys 21 Bitcoin ahead of Nakamoto merger
NFT Gaming

KindlyMD buys 21 Bitcoin ahead of Nakamoto merger

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KindlyMD, an integrated healthcare services provider, has announced the purchase of 21 Bitcoin ahead of its merger with Nakamoto Holdings, a company focused on the acquisition and holding of Bitcoin.

KindlyMD’s move to buy 21 Bitcoin (BTC) comes a few weeks after David Bailey, the chief executive officer of BTC Inc., and crypto advisor of U.S. president Donald Trump, announced the launch of Nakamoto Holdings.

The Bitcoin-native company, whose name pays homage to Bitcoin creator Satoshi Nakamoto, recently revealed an upcoming merger with KindlyMD.

KindlyMD is a Nasdaq-listed integrated healthcare and healthcare data company looking to become the next Strategy. With its initial BTC purchase, KindlyMD says its on the path to making this quest a reality.

The purchase of 21 BTC was completed at an average price of $109,027 per coin, representing a $2.3 million investment. Funds came from gross proceeds of $8.7 million raised through recent warrant exercises.

“KindlyMD chose 21 BTC, which is one millionth of the total supply of bitcoin, as a symbolic first step on our journey to be the leading Bitcoin treasury strategy,” Bailey said. “There are many more milestones ahead and we can’t wait to continue to execute our roadmap with KindlyMD.”

Nakamoto Holdings’ launch followed Bailey’s $300 million raise in equity and convertible debt earlier this year.

On May 21, KindlyMD shareholders approved the strategic merger and partnership with Nakamoto Holdings. The deal also includes Anchorage Digital—an institutional-grade crypto custody platform—signaling a joint commitment to accelerating corporate Bitcoin adoption.

Commenting on the purchase, KindlyMD CEO Tim Pickett said:

“This strategic purchase was possible after significant warrant redemption, which we believe reflects our investor’s support of the merger and in our confidence of Bitcoin as a store of value. We look forward to working diligently towards the closing of our merger with Nakamoto to further accelerate our Bitcoin treasury strategy.”

KindlyMD and Nakamoto Holdings’ merger will close later in the year.



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Bitcoin
GameFi Guides

$120 Billion Bitcoin Stash Puts Satoshi Nakamoto At No. 11 On Rich List

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Arkham Intelligence has disclosed that the creator of Bitcoin – known only as Satoshi Nakamoto – now holds roughly 1.96 million BTC. At today’s prices, that stash is worth about $120 billion. According to Arkham, this makes Nakamoto the 11th richest person on Earth. His share adds up to 5.2% of all Bitcoin ever mined.

Satoshi’s Bitcoin Cache Grows

The mystery around Nakamoto deepens as these wallets haven’t moved since 2011. They remained untouched when Bitcoin was still a fringe experiment. Now, those same addresses tower over many national treasuries. Even a small sale could reshape prices.

Bitcoin Hits New Heights Under Price Rally

Bitcoin recently spiked to almost $112,000 before sliding back toward $110,000. In November 2021, its previous high was near $67,000. Today’s surge more than doubles that peak. This rapid climb has sent shockwaves through both crypto veterans and new buyers.

Satoshi Nakamoto now holds $120 BILLION USD of Bitcoin.

He owns 5.2% of the BTC supply, making him the 11th richest person in the world. pic.twitter.com/cX6D1nYjqG

— Arkham (@arkham) May 26, 2025

Crypto Versus Corporate Giants

Based on market data, Bitcoin’s total value hit about $2.16 trillion. That figure eclipsed Amazon’s roughly $2.13 trillion market cap. Investors now list the crypto among the top five global assets. Still, Bitcoin is a decentralized token, while Amazon is a single company. Some experts warn it’s not a neat comparison.

BTC is currently trading at $109,677. Chart: TradingView

Big Players And Market Moves

Michael Saylor’s firm, Strategy, bought 4,020 BTC between May 19 and 25, bringing its total to 580,250 BTC. Yet Strategy’s stock dipped over 7% in pre-market trading on May 26. That drop shows Wall Street can shrug off big BTC buys.

Meanwhile, Robert Kiyosaki, author of “Rich Dad Poor Dad”, called Bitcoin “real money” and warned that fiat cash might lose its grip on trust. He pointed to Gresham’s Law and Metcalfe’s Law to make his case.

The mystery surrounding the real identity of Satoshi Nakamoto deepens. Image: Kucoin.

Institutional interest is one factor. Another is the rollout of spot Bitcoin ETFs in several markets. These funds let big investors buy Bitcoin without wrestling with private keys. That move has lifted demand even when retail buyers step back.

Still, some in the crypto community worry about the silent wallets. No one really knows if Satoshi might ever move those coins. If he did, prices could wobble. A sudden sell-off of even a small slice—say 100,000 BTC—would flood the market. Right now, the mere thought keeps traders on edge.

Today’s numbers shine a spotlight on how far Bitcoin has come. From a few cents per coin to more than $110,000, it’s been a wild ride. But the giant stash held by an unknown creator adds a new layer of drama. For now, those coins stay frozen in time. And that mystery, like the price swings, is part of what keeps people talking.

Featured image from Wexo, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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KindlyMD shareholders approve Bitcoin pivot via Nakamoto Holdings merger
Crypto Trends

KindlyMD shareholders approve Bitcoin pivot via Nakamoto Holdings merger

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KindlyMD shareholders have approved a merger with Bitcoin holding firm Nakamoto Holdings, paving the way for the creation of a publicly traded Bitcoin-focused conglomerate.

According to a May 20 announcement from the U.S.-based healthcare services provider, both companies will now file information statements with the Securities and Exchange Commission. 

The merger is expected to close 20 days after these disclosures are shared with shareholders. Completion is targeted for the third quarter of 2025.

Nakamoto Holdings, led by Donald Trump’s crypto adviser David Bailey, is a newly formed entity that seeks to consolidate Bitcoin-native businesses under one umbrella.

The deal gives Nakamoto Holdings a Nasdaq-listed vehicle to pursue its goal of turning Bitcoin into a foundational asset across global capital markets.

The merged firm plans to scale its Bitcoin holdings per share, a concept Bailey refers to as “Bitcoin Yield,” through equity, debt, and hybrid offerings. 

Though KindlyMD will continue operating its clinics focused on opioid reduction and alternative therapies, the new entity’s core focus will be financial, not medical.

“We are grateful that KindlyMD shares our vision for a future in which Bitcoin is a core part of the corporate balance sheet, and investors across global capital markets have exposure to the world’s greatest asset and store of value,” Bailey said in an accompanying statement.

The companies first announced the proposed merger on May 12. At the time, they described plans to launch a network of Bitcoin-native firms while using the merged balance sheet to accumulate BTC. 

Details of the merger were announced alongside a $710 million capital raise, with Nakamoto securing $510 million through a private placement and $200 million via convertible notes, which, according to Nakamoto, was the largest PIPE in any public crypto-linked transaction to date.

Bailey, who will become CEO of the merged entity, has likened his vision to building a modern counterpart to the Rothschilds or Morgans, except with Bitcoin as the reserve asset. 

“Every balance sheet, public or private, will hold Bitcoin,” he said at the time.

News of the merger sent shares of KindlyMD (KDLY) soaring more than 650% in premarket trading when it was first announced. Shares closed May 20 at $15.22, up 9% on the day, and climbed another 4.8% in after-hours trading. KDLY is now up over 979% year-to-date.

Bitcoin’s growing role as a treasury asset

With Bitcoin gaining traction as a corporate treasury asset, the KindlyMD–Nakamoto merger adds to a broader wave of public companies across the globe that have integrated Bitcoin into their financial strategies.

In the healthcare space, Basel Medical Group entered exclusive talks to buy up to $1 billion worth of Bitcoin earlier this month, while Semler Scientific has also joined the trend, and has been consistently building a sizable Bitcoin stash, holding 3,808 BTC as of May 21.

Meanwhile, in Latin America, Brazilian fintech Méliuz became the first publicly traded company in the region to adopt Bitcoin as a treasury asset, following shareholder approval earlier this month. 

Over in the Middle East, Al Abraaj Group kicked off its Bitcoin strategy with an initial 5 BTC purchase, while signalling plans to acquire more.

Strategy—formerly MicroStrategy—was the first major public company to adopt Bitcoin as a primary treasury asset back in 2020, effectively popularizing the corporate Bitcoin playbook. 

Recently, the firm disclosed a fresh $765 million purchase, adding 7,390 BTC to its balance sheet.



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