Health-care data firm KindlyMD raised an additional $51.5 million, increasing its total capital to $763 million, to invest in bitcoin ahead of its merger with Nakamoto Holdings. This latest fundraising effort through a private placement equity financing round priced KindlyMD's shares at $5 each, which was fully subscribed in under three days. KindlyMD's strategy focuses on acquiring as much bitcoin as possible, according to CEO David Bailey. Despite the fundraising success, NAKA shares experienced a 7% drop at the start of trading on Friday. This move is part of a broader trend where more public companies are raising capital to establish crypto treasury strategies, similar to MicroStrategy's approach of leveraging debt and equity to invest in digital assets. Currently, MicroStrategy stands as the largest corporate bitcoin holder, possessing 592,000 BTC valued at over $62 billion.

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