US EditionKindlyMD (KDLY) Merges With Nakamoto, Raises $710M to Launch Public Bitcoin (BTC) Treasury Vehicle
- KindlyMD, a Utah-based healthcare provider listed as KDLY on NASDAQ, announced a May 12, 2025 merger with Nakamoto Holdings, a Bitcoin-native firm.
- The merger follows Nakamoto's plan to create a public Bitcoin treasury vehicle, supported by $710 million in financing via private placement and convertible notes.
- The transaction involves raising $510 million through a PIPE at $1.12 per share, along with an additional $200 million raised via senior secured convertible debt set to mature in 2028, and attracted participation from more than 200 investors.
- David Bailey, founder of Nakamoto and advisor to Trump's 2024 campaign, will serve as CEO while KindlyMD's healthcare operations continue under Tim Pickett's management.
- The combined entity aims to advance Bitcoin adoption by offering public investors compliant exposure to BTC while retaining healthcare services during pending shareholder and regulatory approvals.
23 Articles
23 Articles
David Bailey's Nakamoto, KindlyMD Merge to Launch $710M Bitcoin Treasury
David Bailey, a prominent figure in the Bitcoin ecosystem and founder of BTC Inc and UTXO, is spearheading a new venture that aims to bring Bitcoin directly to public markets. His Bitcoin-native holding company, Nakamoto Holdings Inc., has announced a merger agreement with KindlyMD, Inc. (NASDAQ:KDLY), a healthcare services provider, in a strategic move to establish a publicly traded Bitcoin treasury.hello worldhttps://t.co/UQNX71ra8r— Nakamoto …
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…
Coverage Details
Bias Distribution
- 100% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
