Anatomy of a bitcoin pivot: How Kindlymad raised $ 51.5m in 72 hours
NASDAQ-Listed Kindlemd secured capital to speed up its axis to speed up a bitcoin-centric public company.
In June 2025, Kindlymad Inc. (KDLY) raised $ 51.5 million through a pipe (private investment in public equity) transactions, and did it in just 72 hours. The round was bound by the pending merger of the company with Nakamoto Holdings, a bitcoin-country firm led by David Bailey, who is also the CEO of BTC Inc., a company behind Bitcoin (BTC) magazine.
Funding is part of a comprehensive plan to merge Kindleem with Nakamoto Holdings. Once the merger is complete, the joint unit will get away from healthcare and themselves will be a failure holdings ink.
As stated Official press releaseKeeping in mind the demand for “extraordinary”, “extraordinary”, David Bailey said: “We have been blown out of interest, $ 51.5 million has been shut down in less than 72 hours that institutional investors are ready to put big bets on bitcoin-root strategy.”
Nakamoto Holdings and David Bailey spoke On X space to merge and increase the merger and capital increase with the Crypto community.
The price of capital growth was $ 5 per share, which made the investor interest heavy. The company said it had “incredible demand” and could have increased even more, but capted the round at $ 51.5m to match the short -term treasury deployment schemes.
This rapid growth marked a rare moment when a traditional, non-Crypto public company bitcoin-first-first game became almost night.
From healthcare to bitcoin: Understanding Kindlemd’s corporate infection
The public healthcare company is undergoing a complete merger, which has become a full bitcoin treasury vehicle.
Kindleem is basically a healthcare company focused on the alternative treatment model. Located in Utah, it was one of the first companies to integrate data-powered care models with legally approved psychidelic remedies. with 1,600 to 1,900 patients Every month in its four clinics, the company operated Utah’s largest medical canbis clinic network. This integrated traditional prescriptions, behavioral treatment and medical cannabis to track the results in its “complete care” models and deal with the opioid crisis.
But after receiving the shareholder’s approval, it is now preparing to merge with Nakamoto Holdings, especially designed to accelerate the adoption of bitcoin through capital markets.
Once the merger stops (required by Q3 2025), Kindlemd will be:
- Change its name Nakamoto Holdings Inc.
- Start trading under a new tick symbol (Naka)
- Perfectly again around a bitcoin-root corporate strategy
Until the merger is complete, Kindlymad retains its health care identity, but its capital structure and market story has already started axis.
Do you know Before its axis for bitcoin, Kylymd Leading in alternative medicine, medical cannabis and psychidelic-aided therapy was serving patients through a network of clinics focused.
Bitcoin and pipe, a new way to institutional capital?
Pipes let public companies quickly raise capital, and some are using them directly to buy BTC.
The pipe route is becoming a vehicle for sharp, flexible capital, especially for companies passing through transformative pivotes.
- A pipe allows a public company to raise funds directly from institutional investors, usually at the cost of a conversation. It is faster and more flexible than an IPO and is being used rapidly to support crypto-based strategies.
- The $ 51.5m pipe round of the Kindlemd was an example of a textbook: Fast, Oversebashed, and Future Bitcoin aligned with Treasury Play. Investors were offered reverse and indirect risk to BTC even before the merger was closed.
- Since the regulatory routes for crypto ETFs and tokens are complicated, pipe-financially public companies can become the next best route to flow bitcoins for institutional capital.
Do you know NASDAQ- Listed firms such as Strev Asset Management and Sharplink Gaming are recently raised To buy hundreds of million dollars through pipe deals, not for R&D or expansion, but to buy bitcoin and ether (ETH) for your corporate treasury.
How to mix asset accumulation with BTC-handled business model
Nakamoto holdings want to repeat the “bitcoin per share” model by actively manufacturing BTC-focused businesses.
Belly’s vision strategy with Nakamoto Holdings is attracted to the high-profile treasury strategy, but adds the execution velocity and operational ambition. The goal is not only to acquire BTC, but also to increase bitcoin holdings on a per share basis, which provides direct risk to equity holders.
Post-mentor, the company can take many avenues, including, but not limited:
- Allocate a majority of capital for buying bitcoin
- Media, Fintech and Finance Build or acquire bitcoin-root businesses
- Investors follow institutional-grade detention and reporting standards to maintain confidence
It is a hybrid model, part treasury vehicle, part bitcoin-origin development company, with speed as a major discrimination.
Bitcoin as strategy, not only reserved
The shift is not only about holding BTC, it is about the company’s reconstruction.
This method makes important it is one that represents the founder change. Kindleem is not allocating part of its treasury only for bitcoin. It is focusing its full identity, its name, its market strategy and its operations for the Center around BTC.
Nasdac AnnouncementThe mission of Nakamoto Holdings is “first to institutionalizing the publicly trading bitcoin-root holding company,” and “institutionalizing bitcoin capitalism”. The company is clearly targeting investors who want exposure for both bitcoin and bitcoin-based development assets.
This indicates a deep development of the corporate bitcoin story: from hedge to anchor, from diversification to definition.
What is the expectation of post-worker
If the merger is closed according to the plan, the new unit will start deploying capital in bitcoin and more.
With the hope of finalizing the merger in Q3 2025, the coming months can bring:
- A tick change from KD to Naka
- Nakamoto Holdings Inc. Complete rebranding under identity
- Bitcoin accumulation from pipe
- Strategic announcements on bitcoin-country acquisition and trade launch
Institutional custodians will probably be used for treasury operations, and the company plans to maintain the transparent revelations of its BTC reserves similar to the public BTC reporting model of the strategy.
When successful, it can set an example of how non-crypto companies enter the bitcoin economy through the capital market.
