Kindlymd and Nakamoto secured an additional $51.5 million in funding to expand their Bitcoin holdings.

Gate News bot message, Kindlymd and Nakamoto Holdings announced the successful completion of an additional $51.5 million private sale financing (PIPE) to further advance their Bitcoin financial plans.

According to the announcement, this latest round of financing will bring Kindlymd's total capital (including previous PIPE financing and convertible notes) to approximately $763 million.

The newly acquired funds will mainly be used to purchase Bitcoin, which is part of the company's long-term capital reserve strategy. The remaining proceeds will be used for general corporate purposes and working capital needs.

This financing will be completed simultaneously with the expected merger between Kindlymd and Nakamoto Holdings, which is a Bitcoin-native holding company focused on integrating digital assets into corporate financial operations.

"This additional financing was completed in less than 72 hours, providing more options for working capital in addition to purchasing Bitcoin. We will continue to execute our strategy to raise as much capital as possible to purchase as much Bitcoin as we can," said David Bailey, founder and CEO of Nakamoto Holdings.

Healthcare data and value-based care provider Kindlymd's entry into the digital asset space through collaboration with Satoshi Nakamoto marks an increasing integration between traditional industries and crypto finance. This move reflects the growing trend of publicly listed companies adopting Bitcoin as a strategic reserve asset against the backdrop of changing macroeconomic conditions.