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Publicly traded company Kindly MD has completed a $51.5 million PIPE financing, which will be used to support its establishment of a Bitcoin treasury.

2025.06.20 22:08:32

On June 20th, the healthcare data company Kindly MD, Inc. (Nasdaq: NAKA, hereinafter referred to as "KindlyMD") announced today that it has successfully completed an additional $51.5 million "Private Investment in Public Equity" (PIPE) financing to facilitate its endeavors in establishing a Bitcoin treasury. Previously, KindlyMD had declared its intention to merge with the Bitcoin-native holding company Nakamoto Holdings Inc. ("Nakamoto"). As of now, KindlyMD has raised a total of approximately $563 million through PIPE financing. When including convertible bonds, the total amount raised has reached approximately $763 million. This transaction involves a $51.5 million PIPE financing priced at $5.00 per share, and it is comprised entirely of KindlyMD's common stock. The net proceeds from the PIPE financing will be utilized by KindlyMD to purchase Bitcoin, supplement working capital, and for other general corporate purposes. This PIPE financing is anticipated to close simultaneously with the merger.
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