Publicly Listed Company Kindly MD Completes $51.5 Million PIPE Financing to Support the Establishment of Its Bitcoin Treasury

Bitget2025/06/20 20:50

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Healthcare data company Kindly MD, Inc. (NASDAQ: NAKA, referred to as "KindlyMD") announced today that it has completed an additional $51.5 million Private Investment in Public Equity (PIPE) financing to support its efforts in establishing a Bitcoin treasury. Previously, KindlyMD had announced its intention to merge with Bitcoin-native holding company Nakamoto Holdings Inc. ("Nakamoto").

To date, KindlyMD has raised a total of approximately $563 million through PIPE financing. Including convertible notes, the total amount raised has reached about $763 million.

This transaction includes a PIPE financing totaling $51.5 million, priced at $5.00 per share, consisting entirely of KindlyMD common stock. The net proceeds from the PIPE financing will be used by KindlyMD to purchase Bitcoin, supplement working capital, and for other general corporate purposes. The PIPE financing is expected to close concurrently with the completion of the merger.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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