There’s Another Bitcoin Holding Company in Town—And It Just Raised $710 Million
Nakamoto Holdings, co-founded by Bitcoin Magazine CEO David Bailey, has partnered with KindlyMD to establish a new Bitcoin treasury, raising $710 million through private investment and convertible notes. This transaction is noted as the largest public crypto deal, attracting over 200 investors, including prominent firms like Actai Ventures and Arrington Capital. Bailey, who previously advised President Trump on crypto policy, will serve as CEO of the new treasury. The merger aims to create a global network of Bitcoin treasury companies to enhance Bitcoin adoption. KindlyMD, previously focused on healthcare, will continue its mission against the opioid crisis while entering the crypto space. Bitcoin treasury companies buy and hold Bitcoin, with Nasdaq-listed Strategy being a notable example. Recently, Tether and others announced plans for a Bitcoin-centric company with a treasury of over 42,000 BTC. KindlyMD's stock surged over 300% following the announcement.
