US EditionKindlyMD (KDLY) Merges With Nakamoto, Raises $710M to Launch Public Bitcoin (BTC) Treasury Vehicle
- KindlyMD, a Utah-based healthcare provider trading as KDLY on NASDAQ, announced on May 12, 2025, a merger agreement with Bitcoin-focused Nakamoto Holdings Inc.
- The merger, driven by Nakamoto's goal to create a publicly traded Bitcoin treasury, follows a $710 million raise combining $510 million PIPE and $200 million convertible notes.
- David Bailey, Nakamoto's founder and future CEO of the combined entity, plans to grow Bitcoin holdings per share by packaging BTC into equities, debt, and hybrid instruments.
- The financing attracted over 200 investors, including institutions like VanEck and Arrington Capital and individuals such as Adam Back and Balaji Srinivasan.
- This merger creates a new Bitcoin-centric public company with KindlyMD retaining healthcare operations and aims to advance Bitcoin adoption within global capital markets under regulatory approval.
21 Articles
21 Articles
Nakamoto And KindlyMD Announce $710 Million Merger To Secure Bitcoin - TECHTELEGRAPH
Bailey’s Nakamoto Holdings merges with KindlyMD to build a Bitcoin treasury. The deal includes a $710 million capital raise for Bitcoin-backed assets. Bailey aims to list Bitcoin-based financial products on major exchanges. Nakamoto Holdings, David Bailey’s Bitcoin-exclusive holding company, has entered a merger with the healthcare firm KindlyMD. The companies seek to build the world’s first Bitcoin treasury network and integrate Bitcoin into gl…
David Bailey’s Nakamoto Holdings Merges With KindlyMD To Form Bitcoin Treasury
Nakamoto Holdings, a Bitcoin-focused holding company founded by David Bailey, plans to go public through a merger with KindlyMD Inc. (NASDAQ: KDLY), a healthcare services provider. Nakamoto lives. The ticker is $KDLY. https://t.co/XV0enTnz7T— David Bailey🇵🇷 $1.0mm/btc is the floor (@DavidFBailey) May 12, 2025 The combined company will incorporate a Bitcoin treasury strategy while maintaining KindlyMD’s healthcare operations."We believe a futur…
Bitcoin Supply Tightens as Institutional Demand Grows, Price Rally Anticipated News ETHNews
Centralized exchanges’ BTC reserves drop by 1 million in two years; shrinking supply fuels price surge forecasts. Nakamoto-KindlyMD merger secures $710 million to stockpile BTC, joining 190+ entities hoarding over 3.3 million coins. The amount of Bitcoin held on centralized exchanges has fallen sharply over the past two years, dropping by approximately 1 million coins to 2.4 million, according to data from CryptoQuant. With Bitcoin’s maximum sup…
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