The merger between KindlyMD and Nakamoto Holdings has atracted $710 million in funding marking the largest capital raise to date for a Bitcoin treasury company

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May 12, 2025

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The deal includes a $510 million private investment in public equity and $200 million in convertible notes — the largest capital raise to fund a bitcoin treasury company and the biggest PIPE for any public crypto-related transaction, the companies claimed. The PIPE and debt financings are expected to close at the same time as the merger.
David Bailey's Nakamoto to merge with KindlyMD, raise $710 million to start bitcoin treasury strategy

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Week 20 of 2025
05/12/2025