KindlyMD (NAKA) Completes $563M PIPE to Fund Bitcoin Purchases

Deal Summary

KindlyMD (ticker NAKA) raised $563 million via a PIPE financing in May 2025 to fund bitcoin purchases after a reverse merger that made Nakomoto its subsidiary. The company also issued a $200M senior secured convertible note to Yorkville and later secured additional bitcoin-backed financing, bringing total financing to about $763M.