Healthcare Data Firm Doubles Down on Bitcoin
KindlyMD, a Salt Lake City-based healthcare data company, has raised an additional $51.5 million to support its ongoing bitcoin treasury strategy, bringing its total capital raised to an impressive $763 million. The latest funding arrives just ahead of the company’s anticipated merger with Nakamoto Holdings, a firm focused entirely on bitcoin.
The new investment was raised through a private placement equity round (PIPE), priced at $5 per share, and was reportedly fully subscribed in less than three days.
Strategy Echoes High-Profile Bitcoin Playbooks
KindlyMD’s approach mirrors that of other publicly traded companies that have issued equity or debt to accumulate large bitcoin holdings. The strategy is modeled after firms like Strategy, the largest corporate bitcoin holder, with over 592,000 BTC currently valued above $62 billion.
“We continue to execute our strategy to raise as much capital as possible to acquire as much bitcoin as possible,” said Nakamoto Holdings CEO in a statement.
Merger with Nakamoto Holdings in Focus
The company is preparing for a merger with Nakamoto Holdings, a move expected to solidify KindlyMD’s transition from a traditional healthcare technology firm into a hybrid data and digital asset holding company. Once merged, the entity is expected to accelerate bitcoin acquisitions and expand its treasury model further.
Market Reaction and Broader Trend
NAKA shares dropped roughly 7% in early Friday trading following the announcement, although the broader Nasdaq index remained flat. The sell-off may reflect short-term market positioning rather than a reaction to the firm’s long-term strategy.
KindlyMD is among a growing list of companies embracing bitcoin as a primary treasury asset, positioning themselves to benefit from potential long-term price appreciation and hedging against inflationary monetary policies.
Conclusion
With over $763 million raised to date and a merger with Nakamoto Holdings underway, KindlyMD is solidifying its place as one of the most aggressive corporate bitcoin adopters in 2025. As institutional interest in crypto treasuries grows, companies like KindlyMD could play a central role in reshaping how traditional businesses integrate digital assets into their balance sheets.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.