KindlyMD and Nakamoto Holdings just brought in another $51.5 million through PIPE financing. This new capital adds to the already large sum of $563 million in PIPE funding and $763 million when counting convertible notes. The goal is clear: build a Bitcoin-focused public company.
The parties closed the deal in a short time. Investors supported the $300 million financing within 72 hours. They showed a very high interest in the proposed plan. The new cash will be dedicated to acquiring more Bitcoin. And also, they can cater to general business needs in the remaining part. Listed on NASDAQ as NAKA, KindlyMD is currently undergoing a merger with Nakamoto.
Bitcoin platform includes media and finance
The two companies are hoping to create a significant Bitcoin-based platform. They do not simply hoard Bitcoin. They intend to construct an ecosystem. This includes media, finance, and advisory services, everything built around Bitcoin. The PIPE financing offers shares at $5.00 each.
They show the confidence of investors in the firm’s path. They should complete the merger at around the same time as the fund closes. Advisors helped make things go smoothly regarding this deal. Nakamoto worked with Cohen & Company Capital Markets on these matters as far as financial advising is concerned. They were responsible for financial advising and placement handling.
Reed Smith and Brunson Chandler & Jones served as attorneys for the plaintiff and the defendant. KindlyMD focuses on healthcare. The company is combining an old-school approach to care with alternative medicine and data analysis. It aims at helping patients stay off opioids and bounce back to faster health and regular life quickly.
Nakamoto grows the bitcoin business network
Insurance, including Medicare and Medicaid, covers most of its services. Contrariwise, Nakamoto aims to hold and grow Bitcoin. This is a targeted approach to acquire BTC, use it prudently, and knit related businesses or service providers.
It is the shared opinion of the two companies that it will be Bitcoin where they will find their future growth opportunity. The new plan helps mold the path toward this visionary end. The two will then work together to rewrite the conventional wisdom in the argument of policy related to corporate treasury.
Contrary to solely stocking up on money or bonds, they propose that Bitcoin should occupy the central role. We will apply and further develop this pattern to help more fast-growth firms join the new environment created by this trend.
The plan is ambitious in its simplicity. Yet the support indicates that people believe in it. Shortly, they raised over half a billion dollars. Based on this momentum, KindlyMD and Nakamoto want to reshape companies’ way of using capital, and they are going to use Bitcoin as their main element.
