KindlyMD, Inc. and Nakamoto Holdings Inc. announced on June 20, 2025, the close of an additional $51.5 million in private placement in public equity (PIPE financing). This financing supports the company's efforts to establish a Bitcoin treasury.
This additional capital brings the total PIPE financing raised to approximately $563 million, and $763 million including convertible notes. The financing was raised in under 72 hours, indicating strong investor demand.
The net proceeds from this PIPE financing are designated for purchasing Bitcoin, providing working capital, and for general corporate purposes. The financing is expected to close concurrently with the merger.
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