High-profile backers include bitcoin pioneers Adam Back, Balaji Srinivasan, Jihan Wu, and Mexican billionaire Ricardo Salinas.High-profile backers include bitcoin pioneers Adam Back, Balaji Srinivasan, Jihan Wu, and Mexican billionaire Ricardo Salinas.
Shares of KindlyMDbitcoinDonald Trump.
The newly formed company has secured $200 million in convertible debt and $510 million in fresh capital through a private investment in public equity (PIPE) deal, offering shares at $1.12 each.
The raise drew support from more than 200 investors, including Actai Ventures, Arrington Capital, BSQ Capital Partners, Kingsway, Van Eck, and Yorkville Advisors.
The roster of individual investors reads like a who’s who of bitcoin — cryptographer Adam Back; Balaji Srinivasan, a former Coinbase
Shares of KindlyMD will continue to trade under the “KDLY” ticker. The combined company expects to be renamed and will get a new ticker symbol.
Nakamoto, which will is led by Bailey as CEO, will focus on acquiring and holding bitcoin.
Bitcoin investment firms raise large sums of money, often through a mix of equity and debt, to buy and hold bitcoin. Their stock becomes another way for investors to bet on the price of bitcoin.
