Catenaa, Tuesday, June 24, 2025-Nakamoto Holdings, the Bitcoin acquisition firm founded by crypto media entrepreneur David Bailey, has raised $51.5 million through a private investment in public equity (PIPE) deal to ramp up its Bitcoin treasury.
The move brings the company’s total earmarked capital for Bitcoin purchases to $763 million, reflecting a growing corporate trend of treating the cryptocurrency as a strategic reserve asset.
The funding round was facilitated by KindlyMD, a healthcare data firm that is merging with Nakamoto Holdings. KindlyMD sold its shares at $5 apiece, closing the deal last Friday.
In a statement, Bailey said the raise took less than three days and affirmed the firm’s mission to acquire Bitcoin for itself and future portfolio companies.
This strategy echoes the approach taken by Strategy (formerly MicroStrategy), which currently holds over 592,000 Bitcoin valued above $60 billion. According to data from bitcointreasuries.net, more than 130 public companies now hold Bitcoin on their balance sheets, a figure that has climbed 14% in the past month.
Nakamoto Holdings was launched earlier this year by Bailey, CEO of BTC Inc., who is betting that Bitcoin’s long-term value will continue to rise. While Bailey expressed confidence in this approach, some analysts warn of volatility risks, especially if BTC’s price sharply declines.
Bitcoin was trading at $102,942 on Sunday, down 1.8% over the past 24 hours, according to CoinGecko.
