TechFlow news, June 20 — According to Businesswire, KindlyMD, Inc. (Nasdaq: NAKA) announced the completion of an additional $51.5 million in private investment in public equity (PIPE financing), following its previously announced merger with Nakamoto Holdings Inc., a bitcoin-native holding company. The proceeds will be used to purchase bitcoin, as well as for corporate operations and general corporate purposes, and are expected to close concurrently with the merger.
David Bailey, Founder and CEO of Nakamoto, said: "Investor demand for Nakamoto has been extremely strong. This additional funding was completed in less than 72 hours, giving us greater flexibility in working capital options to acquire bitcoin."
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