How one Nasdaq firm raised $51.5M in 72 Hours, just to buy Bitcoin
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KindlyMD raised $51.5 million in just 72 hours to fuel its transformation into a Bitcoin-first public company.
Nasdaq-listed KindlyMD secured capital to accelerate its pivot to a Bitcoin-focused public company.
In June 2025, KindlyMD Inc. (Nasdaq: KDLY) raised $51.5 million through a PIPE (Private Investment in Public Equity) transaction, and did it in just 72 hours. The round was tied to the company’s pending merger with Nakamoto Holdings, a Bitcoin-native firm led by David Bailey, who is also CEO of BTC Inc., the company behind Bitcoin (BTC) Magazine.
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