Nakamoto Holdings Secures $51.5 Million to Expand Bitcoin Treasury Operations
Cointelegraph reports that Nakamoto Holdings, the Bitcoin holding company founded by David Bailey, secured $51.5 million through a private placement in public equity deal completed on Friday. Bailey, who serves as crypto adviser to US President Donald Trump, completed the capital raise in under 72 hours through merger partner KindlyMD. The healthcare data firm sold common stock at $5 per share, bringing total funds earmarked for Bitcoin treasury operations to $763 million including convertible notes.
The rapid financing reflects growing institutional appetite for Bitcoin treasury strategies. KindlyMD shareholders approved the merger last month, with both companies planning SEC filings ahead of a Q3 2025 completion date. The merged entity will trade under ticker NAKA on Nasdaq while developing Bitcoin-native companies through equity and debt offerings.
Corporate Bitcoin Adoption Reaches Record Levels
Data from BitcoinTreasuries.NET shows at least 27 organizations added Bitcoin to their corporate reserves over the past month. Standard Chartered research indicates 61 publicly listed companies now control 3.2% of Bitcoin's total supply, collectively holding 673,897 Bitcoin worth over $84 billion.
The corporate treasury trend gained momentum following Strategy's pioneering approach. Decrypt notes that companies across diverse sectors now view Bitcoin as protection against inflation and currency devaluation. Recent adopters include GameStop, which acquired 4,710 Bitcoin in May 2025, and Japanese firm Metaplanet, targeting 10,000 Bitcoin by year-end.
PYMNTS analysis shows clearer regulatory frameworks under the Trump administration have reduced compliance concerns that previously deterred corporate adoption. Companies now use convertible debt and equity raises to finance Bitcoin purchases, creating new capital allocation models for treasury management.
Market Dynamics and Price Performance
Bitcoin trades around $105,000 as of June 2025, maintaining strength despite recent volatility. CoinPedia forecasts suggest potential movement toward $120,000-$125,000 by summer 2025, driven by institutional demand and supply constraints.
Technical analysis from Finance Magnates shows Bitcoin testing support near $104,000 after reaching new highs above $112,000 in May. Multiple forecasting models project Bitcoin reaching $150,000-$200,000 by year-end 2025, supported by ETF inflows and macroeconomic factors.
Bitwise research estimates institutional Bitcoin investments could reach $120 billion by end-2025, expanding to $300 billion in 2026. Public companies alone may contribute over $100 billion by 2026, creating sustained demand pressure that supports long-term price appreciation.
Risks and Analyst Concerns
Despite optimistic projections, financial institutions warn of potential liquidation risks. Standard Chartered analyst Geoffrey Kendrick cautions that companies purchasing Bitcoin above $90,000 face vulnerability to market corrections. His research identifies a "pain level" where Bitcoin falling 22% below average purchase prices could trigger liquidations.
BeInCrypto reports that roughly half of corporate Bitcoin treasuries would face losses if prices drop below $90,000. Kendrick warns that buying pressure from corporate treasuries could reverse over time, potentially creating downside volatility as market inefficiencies diminish.
Critics point to Core Scientific's 2022 collapse as precedent for treasury liquidation risks. Smaller firms may lack proper risk management frameworks compared to established players like Strategy, which weathered the 2022 bear market without selling holdings.
The broader cryptocurrency market remains sensitive to geopolitical tensions and regulatory developments. While institutional adoption provides support, Bitcoin's inherent volatility continues to pose challenges for companies implementing treasury strategies without adequate risk controls.
Related Reading on BTC Peers
Readers interested in comprehensive Bitcoin policy analysis should explore the Global Bitcoin Policy Index (GBPI) on BTC Peers. This resource provides detailed country-by-country assessments of Bitcoin regulatory frameworks, helping investors understand how policy developments across different jurisdictions impact global Bitcoin adoption trends. The GBPI offers valuable context for evaluating the regulatory landscape that influences corporate Bitcoin treasury decisions and international investment flows.
