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Nakamoto Holdings, a Bitcoin-focused investment firm led by former Trump administration crypto adviser David Bailey, has secured $51.5 million in fresh funding to expand its Bitcoin acquisition strategy. The capital was raised through a private placement in public equity (PIPE) deal with merger partner KindlyMD, bringing the healthcare company's total funding to approximately $563 million.
Remarkably, Bailey revealed the $51.5 million investment was secured in under 72 hours, demonstrating strong market confidence in Nakamoto's Bitcoin accumulation approach. "Investor demand for Nakamoto is incredibly strong," Bailey stated, emphasizing their commitment to "acquire as much Bitcoin as possible." The financing was priced at $5.00 per share.
The funding coincides with Nakamoto's pending merger with Nasdaq-listed KindlyMD (ticker: NAKA), approved by shareholders last month. The combined entity plans to file SEC information statements in Q3 2025, with proceeds earmarked for Bitcoin purchases, working capital, and corporate needs. ——This merger creates a unique public vehicle for Bitcoin treasury accumulation——
【27】 corporations have added Bitcoin to their balance sheets in the past month according to BitcoinTreasuries.NET data, signaling growing institutional adoption. However, GoMining Institutional's Fakhul Miah cautions that smaller firms may lack proper safeguards for Bitcoin treasury management.
Standard Chartered analysts warn that if Bitcoin prices fall below $90,000, half of corporate Bitcoin holders could face liquidation risks. Despite this, Nakamoto's rapid funding success suggests continued strong interest in Bitcoin as a corporate reserve asset, particularly among firms seeking alternative treasury strategies.
The merger partners initially announced their combination on May 12, envisioning a platform to develop Bitcoin-native companies while systematically growing their BTC holdings. This comes as Norwegian firm K33 similarly seeks funds to acquire up to 1,000 BTC, indicating a broader trend of specialized Bitcoin investment vehicles emerging globally.