Nakamoto Holdings Rakes in $51.5 Million for Publicly Traded Bitcoin Treasury

Bitcoin Holding Company Nakamoto Holdings, founded by crypto media entrepreneur David Bailey, has achieved an extra $ 51.5 million extra to set up a Bitcoin Treasury – a business strategy that has become increasingly popular with public companies.

The funds were collected in a private investment-in-public-equity deal closed on Friday by Nakamot’s Fusion Partner Kind lymd, according to Kindlymd’s rack. The health care data of health care sold its ordinary shares at $ 5 per share in the increase.

“Additional investor support signals trust the strategy of Nakamoto: acquiring as much bitcoin as possible on our balance and on the balance sheets of our future portfolio companies,” Bailey told Decrypt. “Today’s announcement pushes our mission ahead while we get strength in bringing Bitcoin exposure to global capital markets. “

The total will largely go to the acquisition of Bitcoin for the business greenhouse of Nakamoto Holdings.

“We continue to perform our strategy to attract as much capital as possible to acquire as much bitcoin as possible,” Bailey said in a statement, adding that the increase lasted less than three days.

The latter Raise brings the designated funds of Nakamoto Holdings for his Bitcoin Treasury to $ 763 million.

Bitcoin was recently traded at $ 102,942, fell by 1.8% in the last 24 hours, according to Cryptocurrency Data Provider Coingecko.

Nakamoto Holdings was launched earlier this year by BTC Inc. CEO David Bailey and wants to split up large quantities of Bitcoin, on the chance that the price of the token will rise. The strategy that has received a grip in the business world, even among companies with very little or no connection with the digital assets industry.

In recent weeks, a number of analysts have expressed their concern about the risk for these companies if the price of BTC is falling, and if the general financial performance of a company depends too much on its interests.

According to Bitcointreasuries.net, more than 130 public companies have added huge amounts of Bitcoin to their balance sheets – a movement that became popular by Michael Saylor’s software company Strategy, which started with buying the active in 2020.

Strategy has more than 592,000 bitcoin with a value of more than $ 60 billion, according to Against Saylor Tracker, an online tool that follows the Bitcoin purchases of the company.

More generally, 239 entities, including public and private companies and federal governments – keep at least a bitcoin, according to facts from bitcointreasuries.net. That number of entities that is the oldest crypto in the world has risen around 14% in the past month, according to the same data.

Published by James Rubin