- Bitcoin holding company Nakamoto has secured $51.5 million in latest financing—bringing its total capital to a staggering $763 million.
- Nakamoto Holdings aims to acquire ‘as much Bitcoin as possible’ and build the first publicly traded conglomerate of Bitcoin companies across finance, media, and infrastructure.
KindlyMD Inc. (NASDAQ: NAKA)—which is set to merge with Bitcoin-native holding firm Nakamoto—has closed a $51.5 million PIPE financing round to expand its Bitcoin treasury. The latest round brings the company’s total PIPE financing to approximately $563 million, or $763 million when including convertible notes, signaling significant institutional interest in Nakamoto’s Bitcoin-centric strategy.
Nakamoto Holding Inc. is led by US President Donald Trump’s crypto adviser, David Bailey.
“Investor demand for Nakamoto is incredibly strong. This additional financing was raised in under 72 hours,” said David Bailey, Founder and CEO of Nakamoto. “We continue to execute our strategy to raise as much capital as possible to acquire as much bitcoin as possible.”
Why Does It Matter? Wall Street Is Now Playing the Bitcoin Long Game
This rapid raise reflects a broader trend in institutional finance: the deepening conviction that Bitcoin is a viable treasury reserve asset. Bitcoin’s resilience and performance over the last decade—outpacing gold, equities, and bonds—has led firms from MicroStrategy to Tesla to allocate billions into Bitcoin.
Nakamoto’s aggressive accumulation strategy is reminiscent of MicroStrategy’s, whose Bitcoin holdings have reached over 592,100 BTC, as of its latest filing. But Nakamoto is positioning itself differently: not only as a treasury vehicle, but also as a Bitcoin-native conglomerate aiming to acquire and build companies in media, finance, and infrastructure.
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Institutional Appetite for Bitcoin Surging
According to a 2024 report by Fidelity Digital Assets, over 70% of institutional investors surveyed expect to invest in digital assets in the next five years. Similarly, PwC’s Crypto Hedge Fund Report 2023 found that nearly 60% of traditional hedge funds are exploring crypto investments, with Bitcoin remaining the most attractive asset.
Moreover, recent approval of Bitcoin ETFs in the U.S., including offerings from BlackRock and Fidelity, has further legitimized Bitcoin in the eyes of institutional investors. These developments makes capital raises like Nakamoto’s far more viable in traditional equity markets.
Bitcoin Treasury as a Corporate Growth Strategy
With a clear mandate to raise capital for Bitcoin acquisition, Nakamoto is aligning itself with the thesis that Bitcoin is not just a hedge but an asset that can empower a new generation of decentralized corporate strategy.
The PIPE financing, priced at $5 per share, was led by Cohen & Company Capital Markets, with legal advisory support from Reed Smith LLP and Brunson Chandler & Jones, PLLC.
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