Trump Aide’s Nakamoto Holdings Raises $51 Million for Bitcoin Treasury
In partnership with KindlyMD, Nakamoto Holdings prepares to use earnings from the financing round for Bitcoin acquisitions and corporate development. The combined entity will focus on expanding its Bitcoin treasury and developing Bitcoin-native businesses, leveraging equity and debt.
Nakamoto Holdings, a Bitcoin holding company established by David Bailey, the crypto adviser to United States President Donald Trump, has secured an additional $51.5 million in fresh capital by means of private placement, in order to expand its Bitcoin Treasury strategy. Bailey noted that the company handled to raise the new funds in less than 72 hours, showing that there’s an increasing investor hunger for Nakamoto Holdings’ Bitcoin accumulation technique. The financing, set at $5.00 per share, raises KindlyMD’s total funding to roughly $563 million, or $763 million when including convertible notes.
Nakamoto Holdings Plans to Broaden Its Bitcoin Treasury
Nakamoto Holdings is embracing a strategic approach similar to other corporations, leveraging Bitcoin as a reserve possession. In the middle of growing clarity in crypto regulations, institutions are feeling confident of having Bitcoin as a reserve possession similar to Gold. According to information from BitcoinTreasuries.NET, at least 27 organizations have actually added Bitcoin to their treasuries over the previous month, highlighting continual interest in BTC among public companies.
Nakamoto is about to go parabolic “It will focus on holding and obtaining bitcoin and is set to merge with an existing Nasdaq-listed business in a deal that’s expected to be announced early next week”
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