KindlyMD Attracts Another $51.5M for Strategic Bitcoin Accumulation

KindlyMD Adds $51.5M for Bitcoin Strategy as Nakamoto Merger Nears

20 June 2025

Salt Lake City-based healthcare data firm KindlyMD (NAKA) has raised an additional $51.5 million to support its bitcoin acquisition plans, the company announced Friday. The funding comes as KindlyMD moves closer to completing its merger with bitcoin-focused holding company Nakamoto Holdings.

With this latest round, KindlyMD’s total capital raised has reached $763 million. The funds were secured through a private placement equity financing round (PIPE), offering shares at $5 each.

Investor interest was strong, with the round fully subscribed in under three days, according to David Bailey, founder and CEO of Nakamoto Holdings.

At the time of the announcement, bitcoin was trading at $107,084.52, highlighting continued enthusiasm for corporate bitcoin treasury strategies.