Nakamoto Holdings Secures $51.5M to Accelerate Aggressive Bitcoin Treasury Strategy

Led by Trump’s crypto adviser David Bailey, Nakamoto Holdings raises fresh capital to ramp up Bitcoin acquisition as part of its treasury-first business model.

Nakamoto Holdings, a Bitcoin-focused investment firm helmed by U.S. President Donald Trump’s crypto adviser David Bailey, has raised $51.5 million in new funding to supercharge its Bitcoin treasury strategy. The capital was secured through a Private Investment in Public Equity (PIPE) deal, according to a joint statement from merger partner KindlyMD.

The funding round, which was completed in under 72 hours, highlights surging investor interest in Nakamoto’s Bitcoin-centric business model. Bailey emphasized the strong response from backers, saying, “Investor demand for Nakamoto is incredibly strong. We continue to execute our strategy to raise as much capital as possible to acquire as much Bitcoin as possible.”

Bitcoin as the Core Asset

Nakamoto Holdings was launched earlier in 2024 with a bold mission: to become a corporate Bitcoin powerhouse by building a significant BTC treasury. This strategy follows in the footsteps of other companies like MicroStrategy, which have used Bitcoin as a core treasury asset amid growing skepticism of traditional monetary systems.

Entities holding Bitcoin. Source: BitcoinTreasuries.NET

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The proceeds from this latest raise will primarily fund Bitcoin purchases, with a portion allocated to working capital and general operations. The PIPE deal was priced at $5.00 per share, increasing KindlyMD’s total funding to approximately $563 million—or $763 million when factoring in convertible notes.

Nasdaq Merger on the Horizon

Nakamoto Holdings is also moving toward a full merger with KindlyMD, a healthcare services firm currently trading on the Nasdaq under the ticker NAKA. Shareholders approved the merger last month, and the companies plan to file the necessary documentation with the U.S. Securities and Exchange Commission (SEC). The transaction is expected to close in Q3 2025.

According to earlier announcements, the combined entity will leverage equity and debt financing to develop multiple Bitcoin-native ventures while continuing to strengthen its BTC reserves.

Corporate Bitcoin Adoption Picks Up Steam

Nakamoto’s aggressive treasury strategy aligns with a broader trend: a growing number of companies are integrating Bitcoin into their balance sheets. Recent data from BitcoinTreasuries.NET reveals that at least 27 companies have added Bitcoin to their treasuries in the past month alone.

However, not everyone is convinced. Analysts like Fakhul Miah from GoMining Institutional suggest that some smaller firms may be embracing Bitcoin out of necessity rather than deliberate strategy, potentially without adequate risk management structures in place.

Adding to the caution, Standard Chartered has issued warnings that if Bitcoin prices fall below $90,000, many of these companies—especially those heavily leveraged—could face liquidation risks, threatening both their balance sheets and the public perception of Bitcoin as a safe corporate asset.

A High-Stakes Bet on Bitcoin

Despite market volatility and mixed sentiment, Nakamoto Holdings continues to lean into its high-conviction thesis: that Bitcoin will outperform traditional assets over the long term and serve as a powerful financial foundation for forward-looking companies.

As the merger with KindlyMD nears completion, all eyes will be on Nakamoto to see whether its Bitcoin-first strategy proves visionary—or risky—in an increasingly complex financial landscape.

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