Kindlymd receives $51.5 million to accelerate its Bitcoin Treasury strategy

Linkly MD, Inc. (NASDAQ: NAKA) announced that it has secured its additional $51.5 million in private placement financing as it prepares to merge with Bitcoin local holding company Nakamoto Holdings Inc.

KindlyMD has raised a total of approximately $563 million in pipeline financing to date, including $763 million, including convertible notes, according to the announcement.

“Investor demand for Nakamura is very strong. This additional financing was raised in less than 72 hours, adding more working capital options in addition to the acquisition of Bitcoin,” said David Bailey, founder and CEO of David Bailey. “We continue to execute our strategy to raise as much capital as possible to get as much Bitcoin as possible.”

The funding price is $5.00 per share and is closed within 72 hours, indicating strong investor interest. The proceeds will be used to purchase Bitcoin and support working capital and general operations. Financing will be closed at the same time as the merger.

“Our goal is to bring Bitcoin to a global capital market hub in a compliant, transparent structure,” Bailey said. “We are excited to work with Anchorage Digital to implement our vision with the highest level of security and combat-ready infrastructure and enable us to bring sustained value to shareholders.”

On May 20, KindlyMD received shareholder approval for its merger with Nakamoto Holdings, approaching becoming a major public Bitcoin finance company. The transaction is expected to close in Q3 2025, pending SEC review and shareholder notice.

“This milestone takes us one step closer to unlocking Bitcoin’s potential for good shareholders,” Bailey said. “We are grateful that KindlyMD’s vision for the future at the heart of the company’s balance sheet shares our vision that investors in the global capital markets can access the world’s largest assets and value store.”

KindlyMD provides a unique approach to healthcare that combines data-driven care with reduced opioid attention through personalized treatments and education around alternative medicine. Its services are covered by Medicare, Medicaid and private insurance.

“We are delighted to achieve this important milestone in the merger process,” said the CEO of Kindlymd Tim Pickett. “As a merged company, we are delighted to leverage Bitcoin’s dominance and real-world utilities to strengthen our company and bring sustained long-term value to investors.”

Disclosure: Nakamoto has partnered with Bitcoin Magazine’s parent company BTC Inc to establish the first global network of Bitcoin finance companies, in which BTC Inc provides certain marketing services to Nakamoto. More information about this can be found here.