Nakamoto Holdings, founded by Bitcoin Magazine CEO David Bailey, has agreed to merge with health sector company KindlyMD to establish a public Bitcoin treasury.
According to the statement made by the companies, a total of 710 million dollars in financing was provided through a 510 million dollar private equity investment and a 200 million dollar convertible bond issuance as part of the merger. This financing package stands out as the largest amount ever raised for a Bitcoin treasury.
Bailey summarized their vision by saying, “Traditional finance is merging with the Bitcoin market. Nakamoto wants to accelerate a future where Bitcoin is held on all balance sheets.” He also stated, “Historical financial institutions were named after their founders; we dedicate this legacy in Nakamoto’s name.”
After the merger, the company will continue KindlyMD’s health operations and also grow Nakamoto’s Bitcoin-focused financial structure.
Tim Pickett, CEO of KindlyMD, emphasized that this merger represents a strategic leap in expanding their mission, stating that Nakamoto’s deep expertise in Bitcoin strategy will create long-term value for shareholders.
After the announcement of the merger, KindlyMD’s shares increased by about 700%, rising from $3.90 to $31.44.
Published: May 12, 2025 17:21Last Updated: May 12, 2025 17:22
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