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Trump Adviser’s Firm Raises $51.5M in 72 Hours to Buy Bitcoin

Trump Adviser’s Firm Raises $51.5M in 72 Hours to Buy Bitcoin

CryptotimesCryptotimes2025/06/21 15:24
By:Pari ShuklaDhara Chavda

Nakamoto Holdings, started by David Bailey, a crypto expert advising U.S. President Donald Trump, has raised $51.5 million in just 72 hours by selling shares at $5 each. This money, announced by their partner KindlyMD, shows that investors believe in Nakamoto’s plan to buy and hold a lot of Bitcoin. 

Together with KindlyMD, Nakamoto Holdings has now raised $563 million, or $763 million including convertible notes, as they get ready to merge in fall 2025.

Bailey said , “People want to invest in us, and he further added that we are working to raise more money to buy more Bitcoin.” Nakamoto, launched in 2025, wants to follow companies like MicroStrategy by keeping Bitcoin as a major asset. Most of the new money will go toward buying Bitcoin, with some used for running the company. 

KindlyMD, a healthcare company listed on Nasdaq, agreed to merge with Nakamoto in May. After the merger, the new company plans to create businesses focused on Bitcoin, like in finance or media. It stated that it will use stocks and loans to buy more Bitcoin. 

A website called BitcoinTreasuries stated that 27 companies have added Bitcoin to their accounts last month, showing that more businesses are interested in owning Bitcoin. There are risks for companies like Nakamoto Holdings. Fakhul Miah from GoMining Institutional said smaller companies might not have strong enough protections for their Bitcoin investments. 

Standard Chartered, a bank, warned that if Bitcoin’s price falls below $90,000, some companies could lose money or have to sell their Bitcoin, which might make the crypto market look bad. Even with these risks, both firms are moving forward with their merger, and they have further plans to keep buying Bitcoin.

This bold strategy positions these businesses as important players in the expanding cryptocurrency market, but they must exercise caution due to the significant volatility of Bitcoin’s price.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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