In a notable intersection of traditional healthcare services and the burgeoning digital asset economy, a significant merger aims to create a publicly traded entity with a substantial focus on Bitcoin accumulation. This initiative is spearheaded by a firm associated with a key advisor to US President Donald Trump.
Merger for Bitcoin Treasury Formation
Nakamoto Holdings, established by David Bailey, who serves as an advisor on digital assets to President Trump, has announced a merger agreement with the medical services company KindlyMD. The primary goal behind this strategic consolidation is to build significant Bitcoin reserves within a publicly accessible corporate structure.
Substantial Funding Secured
The transaction is underpinned by a hefty $710 million in funding. A major portion, $510 million, was raised via a Private Investment in Public Equity (PIPE) arrangement. This PIPE deal saw participation from over 200 investors, including prominent names like Actai Ventures, Arrington Capital, BSQ Capital Partners, Kingsway, Off the Chain Capital, ParaFi, RK Capital, VanEck, and numerous angel investors.
An additional $200 million was secured through the issuance of convertible bonds. These bonds were purchased entirely by the YA II PN fund, which is under the management of Yorkville Advisors. These combined funds are earmarked for expanding the company’s Bitcoin holdings and enhancing shareholder value.
Operational Strategy and Leadership
Following the merger, KindlyMD is set to continue its existing medical operations. However, guided by Nakamoto Holdings, the company will also strategically allocate capital towards acquiring Bitcoin. This dual focus leverages the established healthcare business while embracing the potential of digital assets.
David Bailey, who is also the CEO of media group BTC Inc., is slated to lead the newly combined entity. He expressed a strong conviction about the future integration of cryptocurrency into mainstream finance.
Vision for Bitcoin Adoption
Bailey articulated a forward-looking perspective: “Traditional finance and Bitcoin-based markets are merging. The securitization of the first cryptocurrency will redraw the world’s economic map.̶ He added, “We believe the future is coming where every balance sheet — government or private — will include Bitcoin. Nakamoto aims to be the first publicly traded conglomerate designed to accelerate this process.̶.
Market Presence and Future Steps
Currently, KindlyMD shares trade on the Nasdaq exchange under the ticker symbol KDLY. This listing will continue in the near term. However, upon finalization of the merger, both the name of the consolidated company and its stock ticker are expected to be changed to reflect the new corporate identity and focus.
Chris brings over six years of hands-on experience in cryptocurrency, bitcoin, business, and finance journalism. He’s known for clear, accurate reporting and insightful analysis that helps readers stay informed in fast-moving markets. When he’s off the clock, Chris enjoys researching emerging blockchain projects and mentoring new writers.