Summary
- KindlyMD and Nakamoto Holdings announced the completion of an additional $51.5 million fundraising round.
- This funding will be used for Bitcoin acquisitions, operating capital, and general corporate purposes.
- The CEO of Nakamoto stated that investor demand for fundraising to secure Bitcoin was explosive.
Healthcare and data company KindlyMD has completed a $51.5 million funding round with Bitcoin investment firm Nakamoto Holdings. Previously, Nakamoto announced it had signed a merger agreement with KindlyMD.
According to Business Wire on the 20th (local time), the two companies completed the additional $51.5 million fundraising through a PIPE (private investment in public equity) deal. KindlyMD has now secured a total of $563 million in PIPE funds and $763 million including convertible bonds to date.
The newly raised funds will be used for Bitcoin acquisitions, operating capital, and general corporate purposes.
David Bailey, CEO of Nakamoto, said, "Investor demand for raising additional capital to secure Bitcoin was explosive," adding, "Our strategy is to secure as much funding as possible to buy as much Bitcoin as we can."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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