Nakamoto Holdings, founded by David Bailey, US President Donald Trump’s crypto advisor, has secured fresh capital of $51.5 million through private placement of public equity (pipe) transactions, according to a statement from merger partner KindlyMD.
Bailey said the new funds would be raised within 72 hours, reflecting the growing desire of investors for Nakamoto’s Bitcoin (BTC) accumulation strategy.
“The investor demand for Nakamoto is very strong,” Bailey said. “We continue to implement strategies to raise as much capital as possible to get as much Bitcoin as possible.”
The funding, which is priced at $5.00 per share, will bring about KindlyMD’s total funding of approximately $563 million and $763 million, including convertible notes.
Related: Europe’s first Bitcoin financing company has purchased another $20 million in BTC, holding more than $170 million
Nakamoto will launch to build Bitcoin Ministry of Finance
Nakamoto’s approach reflects the playbooks used by other corporate entities that aim to utilize BTC as a reserve asset. The company was launched earlier this year with a clear goal of building a substantial Bitcoin Treasury, even if broader market sentiments remained mixed together.
The revenue from the latest round is primarily used for Bitcoin purchases, along with working capital and the needs of general companies. Pipe funding is set to close in parallel with the expected merger with KindlyMD, which will be trading under Nasdaq’s Naka.
Last month, healthcare services company shareholder KindlyMD approved the merger with Nakamoto Holdings. The companies are expected to submit an information statement with the SEC, and the merger is expected to be finalized in the third quarter of 2025.
The company first announced the merger on May 12, saying that the merged entities will use equity, liability and other offers to develop a large number of Bitcoin native companies. Additionally, the company will strengthen the Ministry of Finance by accumulating Bitcoin.
Related: Norwegian Crypto Company K33 Raises More Funds to Buy Up to 1,000 BTC
Companies add bitcoin to their balance sheet
At least 27 organizations have added Bitcoin to their finances for the past month, according to data from Bitcointreasuries.net.
However, some analysts remain skeptical. Fakhul Miah of Gomining Institutional noted that small businesses may inevitably adopt Bitcoin rather than strategy, and may lack appropriate protections.
Standard Chartered also raised concerns, warning that if BTC falls below $90,000, half of these companies could face liquidation risks, posing reputational challenges in the broader crypto market.
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