KindlyMD Secures $200 Million to Boost Bitcoin Treasury Operations After Merger with Nakamoto Holdings

On August 19th, COINOTAG News reported that KindlyMD (Nasdaq: KDLY) has successfully executed a $200 million convertible note issuance, intending to bolster its Bitcoin holdings. The funding follows a prior capital raise of $540 million through a private investment in public equity (PIPE) offering. This strategic move underlines the company’s commitment to expanding its Bitcoin Treasury. In a significant development on August 15th, Nakamoto Holdings finalized a merger with KindlyMD, officially establishing Bitcoin Treasury operations under the KindlyMD banner. The integration will be spearheaded by David Bailey, co-founder of BTC Inc., who has been appointed as CEO. Furthermore, KindlyMD has partnered with Anchorage Digital, the sole federally chartered digital asset bank in the U.S., to provide comprehensive Bitcoin custody and trading services, enhancing the operational capabilities of its Bitcoin Treasury.