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Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
Two Companies Announce Their Strategy for Purchasing Bitcoin in Bulk! Here is the Amount They Plan to Buy
KindlyMD and Nakamoto Holdings announced that they have provided an additional private equity investment of 51.5 million dollars to support the Bitcoin treasury strategy (PIPE).
With this latest investment, total PIPE financing has reached 563 million dollars, and together with convertible bonds, it has reached 763 million dollars.
KindlyMD listed on NASDAQ announced this new financing in connection with its planned merger with Nakamoto Holdings, a Bitcoin-focused holding company. The company plans to use the funds raised to purchase Bitcoin and provide working capital.
Nakamoto CEO David Bailey highlighted the intense demand from investors, stating, "This additional funding was raised in less than 72 hours. Our goal is to raise as much capital as possible to acquire as much Bitcoin as possible."
The investment was made through a fully committed PIPE financing priced at 5 dollars per share and consisting of KindlyMD common stock. The PIPE proceeds are planned to be used for Bitcoin purchases as well as general corporate expenses and working capital. The financing is expected to be completed concurrently with the merger between KindlyMD and Nakamoto.
*It is not investment advice.
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