INSUBCONTINENT EXCLUSIVE:
fresh capital through a private placement in public equity (PIPE) deal, according to a statement from merger partner KindlyMD.Bailey said
approach mirrors the playbook used by other corporate entities aiming to leverage BTC as a reserve asset
The company was launched earlier this year with the explicit goal of building a sizable Bitcoin treasury, even as broader market sentiment
remains mixed.Proceeds from the latest round will be used primarily for Bitcoin purchases, along with working capital and general corporate
The PIPE financing is set to close alongside the anticipated merger with KindlyMD, which trades under the ticker NAKA on the Nasdaq.Last
month, shareholders of healthcare services firm KindlyMD approved a merger with Nakamoto Holdings
announced the merger on May 12, saying the merged entity would use equity, debt, and other offerings to develop a slew of Bitcoin-native
Additionally, the company will bolster its treasury by accumulating Bitcoin.Related: Norwegian crypto firm K33 raising more funds to buy up
to 1,000 BTCFirms add Bitcoin to balance sheetsAt least 27 organizations have added Bitcoin to their treasuries over the past month,
according to data from BitcoinTreasuries.NET, signaling continued interest in BTC among public companies.Entities holding Bitcoin
Source: BitcoinTreasuries.NETHowever, some analysts remain skeptical
Fakhul Miah of GoMining Institutional noted that smaller firms may be adopting Bitcoin out of necessity rather than strategy, potentially
lacking the proper safeguards.Standard Chartered has also raised concerns, warning that if BTC drops below $90,000, half of these companies
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