Synopsis- A Nasdaq-listed healthcare firm just executed a stunning corporate U-turn. KindlyMD Inc. (KDLY) secured a massive $51.5 million investment in merely 72 hours. As a result, this rapid funding fuels its dramatic shift into a Bitcoin-focused public company. The capital arrived via a lightning-fast PIPE transaction. Moreover, it directly supports KindlyMD’s pending merger with Nakamoto Holdings.
David Bailey, leading Nakamoto Holdings and CEO of Bitcoin Magazine’s parent company, championed the deal. He called investor demand “extraordinary.” Bailey stated, “We’ve been blown away by the interest.” Furthermore, he emphasised, “Closing $51.5 million in under 72 hours shows institutional investors are ready to bet big.” Clearly, this enthusiasm signals strong confidence in a Bitcoin-native future.
$51.5 Million in Three Days
KindlyMD finalised this significant PIPE (Private Investment in Public Equity) in June 2025. Investors eagerly bought shares priced at $5 each. The company reported “incredible demand.” Indeed, they could have raised even more capital. However, KindlyMD capped the round at $51.5 million. This limit matched their precise short-term treasury deployment strategy.
The transaction’s speed was remarkable. Traditionally, non-crypto public companies don’t transform overnight. Yet, KindlyMD achieved exactly that. Bailey actively engaged the crypto community, announcing the merger and raise on X Spaces. This pivot positions KindlyMD as a sudden, major Bitcoin market player.
KindlyMD’s Corporate Reinvention
Originally, KindlyMD operated Utah’s largest medical cannabis clinic network. Its four clinics served 1,600 to 1,900 patients monthly. The firm pioneered integrating data-driven care with approved psychedelic treatments. Its “Complete Care” model combined prescriptions, therapy, and cannabis. Primarily, it aimed to combat the opioid crisis.
Shareholders, however, approved a drastic new direction. Now, KindlyMD is merging with Nakamoto Holdings. Nakamoto formed specifically to boost Bitcoin adoption via capital markets. Post-merger (expected Q3 2025), KindlyMD will shed its healthcare identity completely. It will rename itself Nakamoto Holdings Inc. and trade under the ticker “NAKA”. Simultaneously, its entire strategy reorients around Bitcoin.
Fast Bitcoin Bets on Public Markets
PIPE financing enabled KindlyMD’s swift capital raise. This method lets public companies quickly secure funds from institutions. It offers greater speed and flexibility than traditional IPOs. Increasingly, firms use PIPEs to support bold crypto strategies.
KindlyMD’s $51.5M PIPE perfectly illustrates this trend. It closed rapidly and was oversubscribed. Investors gained equity upside plus indirect Bitcoin exposure immediately. Regulatory hurdles still complicate crypto ETFs and tokens. Therefore, PIPE-funded public companies present a compelling alternative. They channel institutional capital directly into Bitcoin strategies.
Nakamoto’s Vision
Nakamoto Holdings, led by Bailey, plans a powerful hybrid model. It draws inspiration from (Micro) Strategy’s treasury strategy but adds aggressive execution. The goal isn’t just accumulating Bitcoin. It aims to grow Bitcoin holdings per share. This gives equity holders direct exposure to increasing reserves.
Post-merger, Nakamoto Holdings will deploy the capital decisively. Primarily, it will purchase significant amounts of Bitcoin. Additionally, it plans to build or acquire Bitcoin-native businesses. Targets include media, fintech, and finance sectors. The company commits to institutional-grade custody and transparent reporting. Ultimately, speed differentiates this ambitious Bitcoin-native conglomerate.
What Comes Next After the Merger
Pending successful closure in Q3 2025, Nakamoto Holdings Inc. (NAKA) will spring into action. Expect a swift ticker symbol change from KDLY to NAKA. A full corporate rebranding will follow immediately. Deployment of the $51.5 million into Bitcoin purchases begins promptly. Strategic announcements about Bitcoin-native acquisitions are anticipated soon.
The company will likely employ institutional custodians for its Bitcoin treasury. It also pledges transparent reserve disclosures, mirroring industry best practices. If successful, this pivot could set a major precedent. It demonstrates how traditional firms rapidly enter the Bitcoin economy via capital markets. KindlyMD’s three-day funding blitz marks just the start.
Written By Fazal Ul Vahab C H
