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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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Nakamoto Holdings raised $51.5 million to increase its Bitcoin holdings.
Gate News bot reported that, according to Decrypt, Nakamoto Holdings, founded by cryptocurrency media entrepreneur David Bailey, has raised an additional $51.5 million to establish a Bitcoin treasury — a corporate strategy that is becoming increasingly popular among publicly traded companies.
The funds were raised through a private equity investment transaction completed by Nakamoto's merger partner KindlyMD last Friday. The medical data company sold its common stock at a price of $5 per share in this financing.
This fund will mainly be used to acquire Bitcoin, as the corporate treasury of Nakamoto Holdings.
Bailly stated in a statement: "We will continue to execute our strategy to raise as much capital as possible to purchase as many Bitcoins as possible." He also added that this financing took less than three days.
This latest round of financing has brought Nakamoto's funds for Bitcoin reserves to $763 million.