Nakamoto Holdings Raises $51.5 Million to Expand Bitcoin Treasury Strategy
Nakamoto Holdings, the Bitcoin holding company founded by David Bailey, has just completed raising $51.5 million through a private placement. The deal was completed in just 72 hours, marking a new milestone in the trend of institutions entering the digital asset market.
Bailey, a cryptocurrency advisor to former President Donald Trump, made the deal through his merger partner KindlyMD, a medical data company that is planning to merge with Nakamoto Holdings and list on the Nasdaq under the ticker NAKA by the end of Q3 2025. With this funding, the company's total budget for Bitcoin treasury operations has reached $763 million, including convertible bonds.
📈 The Rise of Bitcoin Treasury Strategies
At least 27 companies have added Bitcoin to their reserves in the past month, according to data from BitcoinTreasuries.NET. Research from Standard Chartered found that 61 publicly listed companies now control 3.2% of the global supply of Bitcoin, or 673,897 BTC, worth more than $84 billion.
Among the new entrants are GameStop, which acquired 4,710 BTC in May, and Japan’s Metaplanet, which aims to own 10,000 BTC by the end of 2025.
🧭 Supporting Policy Landscape
Analysis from PYMNTS shows that greater regulatory clarity under the Trump administration has lowered regulatory barriers for businesses. Companies are now using convertible bonds and equity issuance to finance Bitcoin accumulation, opening up a whole new model of treasury management.
💹 Bitcoin Market Performance and Forecast
As of June 2025, Bitcoin is trading around $105,000, maintaining an upward trend despite short-term volatility. According to CoinPedia, Bitcoin could reach $120,000-$125,000 by summer, supported by institutional inflows and a tight supply.
Technical analysis from Finance Magnates shows BTC testing support at $104,000, after setting a new high above $112,000 in May. Some forecast models show a price of $150,000-$200,000 by the end of the year, supported by ETF inflows and macroeconomic conditions.
Bitwise estimates institutional investment in Bitcoin could reach $120 billion by 2025, and exceed $300 billion by 2026, with listed companies contributing more than $100 billion.
⚠️ Liquidation Risk and Volatility
However, not all is well. Standard Chartered analyst Geoffrey Kendrick warns that companies that bought Bitcoin above $90,000 are at high risk if the market corrects sharply.
His research shows that if BTC falls 22% from the average purchase price, there is a risk of triggering an automatic liquidation order. Currently, about 50% of corporate BTC treasuries will suffer a loss if the price falls below $90,000.
The collapse of Core Scientific in 2022 is seen as a testament to the risk of liquidation without proper financial management. Smaller companies, without the same risk management systems as Strategy, may struggle if the bear cycle returns.
🌍 Geopolitical Landscape and Outlook
The crypto market as a whole remains sensitive to geopolitical factors, policy changes, and macroeconomic volatility. While institutional adoption is building a solid foundation, Bitcoin’s high volatility continues to pose a major challenge for companies implementing treasury strategies.
🔍 Read More: Global Bitcoin Policy Index (GBPI)
Readers interested in the policy implications of corporate BTC holdings should check out the Global Bitcoin Policy Index (GBPI) developed by BTC Peers. This resource provides an overview of regulatory frameworks across countries, helping businesses and investors identify strategic opportunities in the global regulatory environment.