PIPE | Crypto

CEO David Bailey told Forbes he plans to fold Bitcoin Magazine, the Bitcoin conference and hedge fund 210k Capital into Nakamoto Holdings to boost cash flow. Nakamoto Holdings, the Bitcoin treasury firm led by Bitcoin Magazine CEO David Bailey, has seen its stock collapse by over 98% since its May high after a wave of investor selling linked to its $563 million private investment in public equity (PIPE) deals. The company, which merged with Utah-based healthcare operator KindlyMD earlier this year, became one of the few publicly traded firms structured as a Bitcoin (BTC) holding company. However, its financing model, which involved selling heavily discounted shares to private investors to fund Bitcoin purchases, backfired when a large batch of PIPE shares became eligible for sale in September. The resulting flood of sell orders cratered the stock price, erasing billions in market value, Bailey said in a recent interview with Forbes. Read more

Bitcoin (BTC) treasury companies that raised capital through PIPE (private investment in public equity) deals face mounting pressure as share prices gravitate toward their discounted issuance levels, creating potential losses of up to 55% for current investors. According to a Sept. 25 repnort by CryptoQuant, the pattern appears consistent across multiple companies that used PIPEs […] The post PIPE dreams: Bitcoin treasury companies risk further 55% stock price declines appeared first on CryptoSlate.

Sharplink's deal has landed a $425 M PIPE led by Consensys, sending shares up 468%. SharpLink has committed to adopting Ethereum as its primary treasury reserve once the financing closes around May 29, 2025, and has invited Consensys founder Joseph Lubin to become board chairman. The post Sharplink Deal: Consensys Fuels $425M PIPE, Shares Rocket 468% on ETH Bet appeared first on Cryptonews.