KindlyMD Secures Additional $51.5M for Bitcoin Acquisition Strategy
KindlyMD has raised $51.5 million, increasing its total capital to $763 million in preparation for its merger with Nakamoto Holdings focused on Bitcoin.
Key Points:
- KindlyMD, a healthcare data company, has successfully raised an additional $51.5 million, which brings its overall capital to $763 million intended for Bitcoin purchases.
- This funding coincides with the company’s forthcoming merger with Nakamoto Holdings.
- As of the latest session, KindlyMD’s shares dropped by 7%.
KindlyMD, based in Salt Lake City, is preparing for a merger with Nakamoto Holdings, a firm that focuses on Bitcoin acquisitions. The recent funding round was priced at $5 per share and saw full subscription in under three days, according to the company’s CEO, David Bailey.
Bailey noted, “We continue to execute our strategy to raise as much capital as possible to acquire as much bitcoin as possible.”
Overall, this brings KindlyMD’s total capital raised to approximately $763 million, which includes earlier PIPE financing and convertible notes. Notably, the company aims to adopt a treasury strategy similar to other public firms strengthening their Bitcoin assets.
