How one Nasdaq firm raised $51.5M in 72 Hours, just to buy Bitcoin

Key Points

1. KindlyMD Inc. raised $51.5 million in 72 hours via a PIPE transaction tied to its merger with Nakamoto Holdings, a Bitcoin-native firm.

2. The merged entity will rebrand as Nakamoto Holdings Inc., shifting focus entirely to a Bitcoin-native corporate strategy and using the capital primarily to buy Bitcoin.

3. The rapid fundraising highlights strong institutional investor interest in Bitcoin-native strategies, with the round capped at $51.5 million to match short-term goals.

4. KindlyMD, previously a healthcare company specializing in medical cannabis and psychedelic-assisted therapy, is transitioning to a Bitcoin-first business model.

5. Post-merger, Nakamoto Holdings aims to become the first publicly traded Bitcoin-native holding company, institutionalizing Bitcoin capitalism and growing Bitcoin holdings on a per-share basis.