Kindlymd (Naka), a Salt Lake City-Based Health Service Data Company, which merges with Bitcoin-focused Holding Company Nakamoto, raised another $ 51.5 million to Bitcoin
Buy, announced companies Friday.
The private location of equity financing, also known as PIPE, was priced at $ 5 per year. Share of common shares in friendly. The funding was fully enrolled in less than three days, according to Nakamoto founder and CEO David Bailey.
“We continue to execute our strategy to raise as much capital as possible to acquire as much bitcoin as possible,” he said in a statement.
This fundraising brings the company’s total capital increase to around $ 763 million, including previous pipe financing and convertible notes offers.
Naka shares fell about 7% in the early Friday session. The Nasdaq Composite Index was slightly changed.
The move is coming as a growing list of public companies raises capital to create crypto-state-box strategies reminiscent of the software company’s (mstr) long-term games to issue debt and sell shares for the purchase of digital assets. Strategy is the largest company’s Bitcoin holder with 592.00 BTC worth over $ 62 billion, Bitcointreasuries.net -Data shows.
