KindlyMD and Nakamoto Announce an Additional $51.5 Million In PIPE Financing To Support Bitcoin Treasury Efforts
Kindly MD, Inc. (
NASDAQ: NAKA) (“KindlyMD”), which previously announced its anticipated merger with Nakamoto Holdings Inc. (“Nakamoto”), a Bitcoin-native holding company, today announced the close of an additional $51.5 million in private placement in public equity (“PIPE financing”) to support its efforts to establish a Bitcoin treasury. To date, KindlyMD has raised a total of approximately $563 million in PIPE financing and $763 million including convertible notes.
KindlyMD Makes Initial Purchase of 21 Bitcoin as Part of its Treasury Strategy
Kindly MD, Inc. (
NASDAQ: NAKA) (“KindlyMD” or the “Company”), a leading provider of integrated healthcare services, today announced that it has purchased 21 Bitcoin at a weighted average price of $109,027 per Bitcoin for approximately $2.3 million. The Company made this initial purchase of Bitcoin using a portion of the $8,748,370 gross proceeds received from the exercise of some of the Company’s outstanding warrants, resulting in the issuance of 1,437,362 shares of common stock of the Company.
