How One Nasdaq Firm Raised $51.5M in 72 Hours, Just to Buy Bitcoin

The Anatomy of a Bitcoin Pivot: How KindlyMD Raised $51.5M in 72 Hours

Nasdaq-listed KindlyMD secured capital to accelerate its pivot to a Bitcoin-focused public company.

In June 2025, KindlyMD Inc. (Nasdaq: KDLY) raised a jaw-dropping $51.5 million in just 72 hours through a PIPE (Private Investment in Public Equity) transaction. Yes, you read that right—less time than it takes to binge-watch an entire season of your favorite show. This money is tied to the company’s merger with Nakamoto Holdings, a Bitcoin-native firm led by none other than David Bailey, CEO of BTC Inc. (the guys behind Bitcoin Magazine).

The funding is part of a grand plan to merge KindlyMD with Nakamoto Holdings, with a dazzling new identity waiting on the other side. Once the deal’s done, KindlyMD will drop the healthcare façade and rebrand as Nakamoto Holdings Inc. The capital? Well, it’s going straight into buying Bitcoin—because, why not?

David Bailey himself was “blown away” by the overwhelming demand, calling it “extraordinary.” According to him, closing $51.5 million in under 72 hours proves that institutional investors are *so ready* to bet big on Bitcoin.

The capital raise was priced at $5 per share, and the demand was so huge, they could have easily raised more, but they decided to cap it at $51.5 million because…well, they had “short-term treasury deployment plans.” Gotta stick to the plan, right?

In the blink of an eye, KindlyMD went from being a humble healthcare company to a Bitcoin-first powerhouse. Truly a *lightning* transformation.

From Healthcare to Bitcoin: Understanding KindlyMD’s Corporate Transition

The public healthcare company is undergoing a reverse merger to become a full-fledged Bitcoin treasury vehicle.

• Change its name to Nakamoto Holdings Inc.
• Trade under the symbol NAKA
• Shift gears entirely to focus on Bitcoin

accumulate BTC like it’s going out of style while developing businesses that cater directly to the Bitcoin economy. The goal? Make every share of the company more valuable by stacking BTC.

After the merger, Nakamoto Holdings might:

• Allocate most of the capital to Bitcoin purchases
• Acquire Bitcoin-native businesses in media, fintech, and finance
• Follow best-in-class custody and reporting standards to keep investors happy

It’s a hybrid model, part Bitcoin bank and part growth company, with a side of speed. Bailey’s all about fast execution, because why wait when you can rush headlong into Bitcoin glory?

Bitcoin as Strategy, Not Just Reserve

It’s not just about holding Bitcoin anymore; it’s about reshaping the whole company around it. You can almost hear the corporate world whispering: “Wait, you’re *doing* what?”

KindlyMD is moving beyond just adding Bitcoin to its treasury. It’s transforming its identity, its market strategy, and its operations to be fully Bitcoin-centric. If that doesn’t scream bold vision, I don’t know what does.

The new mission? “Institutionalize Bitcoin capitalism” and become the first publicly traded Bitcoin-native holding company. So much for just dabbling in Bitcoin—this is a full-on commitment.

What to Expect Post-Merger

If the merger closes as planned, the new entity will begin deploying capital into Bitcoin and more.

The merger is expected to finalize in Q3 2025, and once that happens, expect:

• A ticker change from KDLY to NAKA
• Full rebranding under Nakamoto Holdings Inc.
• A Bitcoin buying spree using the PIPE funds
• Strategic announcements on Bitcoin-native acquisitions and business ventures

It’ll be a whole new world for KindlyMD, complete with institutional custodians for BTC, clear reporting of reserves, and maybe—just maybe—a revolution in how non-crypto companies step into the Bitcoin economy. Excited? You should be.