Nakamoto Holdings Secures $51.5M for Bitcoin Treasury
Nakamoto Holdings, the Bitcoin holding company founded by David Bailey, US President Donald Trump's former crypto advisor, has successfully raised $51.5 million in a Private Investment in Public Equity (PIPE) deal. This funding was secured in under 72 hours, a testament to the growing investor interest in Nakamoto's Bitcoin (BTC) accumulation strategy.
Accelerating Bitcoin Treasury Growth
According to Bailey, the strong investor demand reflects confidence in Nakamoto's strategy of acquiring as much Bitcoin as possible. The funds, priced at $5.00 per share, will primarily be used for Bitcoin purchases, alongside working capital and general corporate needs. This injection brings KindlyMD's total funding to approximately $563 million, rising to $763 million including convertible notes. The PIPE financing will finalize alongside the anticipated merger with KindlyMD (NAKA on Nasdaq).
Merger with KindlyMD and Future Plans
The merger with KindlyMD, approved by shareholders last month, is expected to close in Q3 2025. The combined entity plans to utilize equity, debt, and other offerings to develop Bitcoin-native companies and further bolster its Bitcoin treasury. This approach mirrors the strategies employed by other corporations using BTC as a reserve asset.
Growing Corporate Bitcoin Adoption
Nakamoto's fundraising reflects a broader trend: at least 27 organizations have added Bitcoin to their treasuries in the past month, according to BitcoinTreasuries.NET. This indicates sustained interest in Bitcoin among public companies.
However, concerns remain. Some analysts suggest that smaller firms might be adopting Bitcoin out of necessity rather than strategic planning, potentially lacking adequate risk mitigation strategies. Standard Chartered even warned that if BTC falls below $90,000, half of these companies could face liquidation risks.
Codeum Note: Codeum, a leader in blockchain security and development, offers services crucial for navigating the complexities of the crypto market. Our services include smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultation, and partnerships with launchpads and crypto agencies. Contact us today to mitigate risk and optimize your blockchain projects.