KindlyMD Raises $51.5M to Grow Bitcoin Reserves Ahead of Nakamoto Merger
20 June 2025
KindlyMD (NAKA), a healthcare data firm based in Salt Lake City, has secured an additional $51.5 million to expand its bitcoin holdings, the company announced Friday. The funding comes as KindlyMD prepares for its merger with bitcoin-focused Nakamoto Holdings.
This new capital infusion pushes KindlyMD’s total fundraising to $763 million. The funds were raised through a private placement equity round (PIPE), with shares priced at $5 each.
The financing round saw strong investor demand, closing in less than three days, according to David Bailey, founder and CEO of Nakamoto Holdings.
At the time of the announcement, bitcoin was trading at $107,084.52, underscoring sustained interest in corporate bitcoin strategies.
