Today in crypto, Bitcoin holding company Nakamoto Holdings has secured $51.5 million in fresh capital to purchase more BTC, CoinMarketCap continues to investigate after its website was hit with a phishing scam. Meanwhile, Wyoming has selected Aptos and Sei for its state-backed stablecoin pilot program.
Nakamoto Holdings secures $51.5M to expand Bitcoin treasury strategy
Bitcoin holding company Nakamoto Holdings, founded by US President Donald Trump’s crypto adviser, David Bailey, has secured $51.5 million in fresh capital 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 (BTC) accumulation strategy.
“Investor demand for Nakamoto is incredibly strong,” Bailey said. “We continue to execute our strategy to raise as much capital as possible to acquire as much Bitcoin as possible.”
The financing, priced at $5.00 per share, brings KindlyMD’s total funding to approximately $563 million, and $763 million including convertible notes.
CoinMarketCap has ‘identified and removed’ malicious wallet scam
CoinMarketCap, a price-tracking website for cryptocurrencies, has reportedly removed a malicious popup notification on its website prompting users to verify their cryptocurrency wallets, according to a post on its official X account.
“We’ve identified and removed the malicious code from our site,” CoinMarketCap said in a post on Friday.
“Our team is continuing to investigate and taking steps to strengthen our security,” it added.
The update came less than three hours after CoinMarketCap publicly addressed the malicious notification amid multiple reports spreading on social media.
Wyoming stablecoin commission names Aptos highest-ranking blockchain
The Wyoming Stable Token Commission has shortlisted Aptos and Sei for its stablecoin pilot program, giving Aptos the highest score among the more than 10 blockchains considered for its forthcoming WYST project.
Aptos disclosed Friday that it received the highest marks based on the commission’s network testing, scoring 32 points. Solana received an identical score of 32 points, though it was not selected for the pilot phase.
Sei, meanwhile, scored 30 points, ahead of Avalanche (27), Ethereum (26), Base (25) and Algorand (21), among others.
The network tests evaluated metrics such as transactions per second, fees and transaction finality, as reported by X user Phillip, who is associated with the Sei project.
WYST is Wyoming’s state-backed stablecoin, pegged to the US dollar and developed in collaboration with LayerZero. News of its development emerged in 2023, several months after the Wyoming Stable Token Act was passed.
Wyoming is launching a stablecoin to generate state revenue by earning interest on reserves held in short-duration US Treasury bonds. The initiative also aims to promote financial innovation and enhance transparency.
In March, Wyoming Governor Mark Gordon teased that the new stablecoin could launch by July.
