The Anatomy of a Bitcoin Pivot: how kindly raised $ 51.5m in 72 hours
NASDAQ-Salogist of kindly secured capital to speed its pivot at a public company dedicated to Bitcoin.
In June 2025, Kindlymd Inc. (NASDAQ: KDLY) raised $ 51.5 million through a pipe (private investment in public equity) transaction, and did so in just 72 hours. Rotation is tied to pending company Combine with Nakamoto Holdingsa Bitcoin-King Firm-led by David BaileyWho is also the CEO of BTC Inc., the company behind Bitcoin (Btc) Magazine.
The fund is part of a wider plan to combine Nakamoto’s kind handling. When the integration is complete, the combined creature BitcoinAccording to both companies.
As stated in Official release of the pressDavid Bailey called the demand for the increase of “extraordinary,” to note: “We have been exploded by interest, closing $ 51.5 million under 72 hours showing that institutional investors are ready to estimate a great deal of Bitcoin-echo-fashion approach.”
Nakamoto Holdings and David Bailey spoke with the crypto community and the X spaces to express the fusion and increasing capital.
The increasing capital is that it is priced at $ 5 per part, drawing the investor’s excessive interest. The company noted that it has a “incredible demand” and may have been higher, but the rotation of $ 51.5M is confined to match the short-term Treasury expansion plans.
This rapid increase was marked with a rare moment when a traditional, non-crypto public company became a bitcoin-first play almost overnight.
From health care to Bitcoin: Understanding Corporate Transition of KindlyMD
The Public Healthcare Company is undergoing a reverse merger to become a full bitcoin treasury vehicle.
KindlyMD was originally a healthcare company dedicated to alternative treatment models. Based on Utah, it is among the first companies that combine care models driven by data with legal approved psychedelic treatment. Included 1,600 to 1,900 patients Each month at its four clinics, the company runs the largest medical cannabis network in Utah. It includes traditional prescriptions, conducting and medical cannabis in the “complete care” model to monitor outcomes and deal with opioid crisis.
But after the seizing of the shareholder’s approval, it is preparing to combine with Nakamoto Holdings, which is specifically formed to accelerate the adoption of Bitcoin through capital markets.
When the integration closes (expects Q3 2025), kindness is kind:
- Change its name to Nakamoto Holdings Inc.
- Start trading under a new ticker symbol (turned)
- The fully re-rotation around a Bitcoin-native corporate approach
Until that partnership is complete, kindness maintains the identity of healthcare, but the capital structure has begun the pivot of the market.
Do you know? Before its pivot in bitcoin, Kindly is a pioneer in alternative medicine, which serves patients through a network of clinics dedicated to medical cannabis and psychedelic-assisted therapy.
The bitcoin and pipe, a new path for institutional capital?
Pipes allow public companies to raise capital, and some use them to buy BTC directly.
The pipe route becomes a go-to vehicle for fast, flexible capital raised, especially for companies undergoing pivots changing.
- A pipe provides a public company that will raise funds directly from institutional investors, usually at an agreed sharing price. It is faster and more flexible than an IPO and is increasingly used to support crypto -aligned techniques.
- The $ 51.5M kindness pipe is an example of the book -Study: Fast, Oversubscribe, and aligned with a future Bitcoin treasury playing. Equity investors are offered upside down and indirect exposure to the BTC, even before closing the integration.
- While regulatory paths remain complicated for Crypto ETFs and tokens, public pipe -funded public companies can be the next best route for institutional capital to flow into Bitcoin.
Do you know? NASDAQ listed in companies such as Striver Asset Management and Sharplink Gaming has recently been lifted Hundred -a million dollars by pipe deals, not for R&D or expansion, but to buy bitcoin and ether (Eth) for their corporate treasury.
How Nakamoto Holdings mixed asset accumulation with business models aligned with BTC
Nakamoto Holdings want to copy the “Bitcoin Per Share” model while actively building businesses aligned with BTC.
Bailey’s vision To Nakamoto Holdings draw from Treasury’s high -profile approach approach But it increases the speed of implementation and ambition of operation. The goal is not only to obtain BTC but also to grow Bitcoin handles on a per-share base, which provides equity holders that direct exposure to increasing reserves.
Post-Merger, the company can take many paths, including, but not limited to:
- Provide most of the capital with Bitcoin purchases
- Build or take Bitcoin businesses-native to media, fintech and finance
- Follow institutional precaution and reporting standards to maintain confidence with the investor
It is a hybrid model, part of Treasury’s vehicle, part of the Bitcoin-native growth company, with speed as a basic variety.
Bitcoin as an approach, not just reserve
Shift is not just about BTC handling, it’s about rebuilding the company around it.
What is significant in this method is the foundational shift it represents. Kindlymd not only provides part of its treasury on Bitcoin. It is rebuilding the entire identity, its name, market approach and its operation in the center around the BTC.
According to NASDAQ’s announcement. The company clearly targets investors who want exposure to both Bitcoin and Bitcoin growth assets.
It signed a deeper evolution of the corporate bitcoin narrative: from the fence to the anchor, from varying to meaning.
What to expect in the post-Merger
If the integration closes as planned, the new creature will begin to deploy capital in Bitcoin and more.
By fusion that is expected to end with Q3 2025, the coming months may bring:
- A ticker change from kdly to turned
- Full Rebranding under the identity of Nakamoto Holdings Inc.
- The accumulation of bitcoin from the proceeds of the pipe
- Strategic announcement on native bitcoin acquisitions and business launch
Institution custodians are likely to be used for Treasury operations, and the company plans to maintain transparent disclosure of its BTC reserves, similar to the public BTC reporting model.
If successful, it can set a precedent for how non -crypto companies enter the bitcoin economy in size through capital markets.
