Nakamoto Holdings Secures $51.50 Million To Expand Bitcoin Treasury Strategy

Bitcoin holding company, Nakamoto Holdings, led by US President Donald Trump’s crypto adviser David Bailey, has raised $51.50 million in fresh capital to accelerate its Bitcoin acquisition strategy. The amount has been secured through a private placement in public equity (PIPE) deal, according to a statement from merger partner KindlyMD.

Bailey said that the new funds were raised in less than 72 hours, reflecting growing investor appetite for Nakamoto’s Bitcoin accumulation strategy.

“Investor demand for Nakamoto is incredibly strong. We continue to execute our strategy to raise as much capital as possible to acquire as much Bitcoin as possible,” Bailey said.

The financing, priced at $5 per share, brings KindlyMD’s total funding to approximately $563 million, and $763 million, including convertible notes, according to Cointelegraph.

CoinMarketCap Removes Malicious Wallet Scam

CoinMarketCap, a price-tracking website for cryptocurrencies, has announced that it has averted a major hack by successfully removing a malicious pop-up notification on its website. The pop-up was prompting users to verify their cryptocurrency wallets, CoinMarketCap wrote in a post on its official X (formerly Twitter) account.

“We’ve identified and removed the malicious code from our site,” CoinMarketCap said in the post, according to Cointelegraph.

CoinMarketCap said it is still investigating the issue “Our team is continuing to investigate and taking steps to strengthen our security,” it added.

Thailand’s SEC Opens Consultation Period For Token Issuance Rules

Thailand’s Securities and Exchange Commission (SEC) has opened a period of consultation for feedback on rules that would allow exchanges or individuals connected to a crypto exchange to issue utility tokens.

Under the proposed rules, exchanges would have to disclose the names of anyone associated with the token issuers, which would assist the SEC in monitoring for signs of insider trading. The plan is part of Thailand’s efforts to establish a regulatory framework for the crypto industry in the country.