KindlyMD Secures $51.5 Million for Bitcoin Purchases
KindlyMD (NAKA) has raised $51.5 million in a private placement equity financing round, priced at $5 per share, for bitcoin purchases. The funding was fully subscribed in under three days.
- The total capital raised by KindlyMD now stands at approximately $763 million, including previous financing efforts.
- NAKA shares experienced a 7% decline on the day of announcement.
- This fundraising reflects a trend among public companies, similar to Strategy’s approach of raising capital for crypto treasury strategies.
- Strategy is noted as the largest corporate bitcoin holder with 592,000 BTC, valued over $62 billion.