David Bailey's Nakamoto Holdings: Shares Soar 650%!

David Bailey's Nakamoto Holdings: Public Through Merger With Kindlymd, Shares Soar 650%!

12 May 2025 at 16: 36

Reading time: 2 minutes

KindlyMD Inc. (KDLY), an integrated healthcare services provider, has announced its merger with Nakamoto Holdings, a company founded by David Bailey and focused solely on bitcoin. This merger aims to create a publicly traded BTC treasury.

Financial milestone

The combined company has secured an impressive $710 million in funding. This includes $510 million via a PIPE, priced at $1,12 per share, consisting of KindlyMD common stock and warrants, and $200 million in convertible notes. This is the largest capital raise to date for a bitcoin treasury launch.

Strategic focus

Nakamoto and Bailey's strategy is to accumulate bitcoin and increase BTC holdings per share through equity, debt, and structured offerings. Bitcoin treasury vehicles are gaining popularity as crypto is increasingly penetrating the financial mainstream. For example, Strive Asset Management recently announced that it will merge with publicly traded Asset Entities (ASST) to also become a publicly traded bitcoin treasury.

Great interest from investors

Nakamoto’s PIPE attracted over 200 global investors, including household names like VanEck, ParaFi, Arrington Capital, and crypto pioneers like Adam Back and Balaji Srinivasan, highlighting the growing interest in bitcoin and the opportunities it presents.

Future course

KindlyMD will continue its healthcare operations under CEO Tim Pickett, while bitcoin treasury functions will fall under Nakamoto’s leadership. The merger is subject to shareholder and regulatory approvals, after which a new name and ticker will be unveiled.

Notable stock market movement

KDLY shares have surged as much as 650% in premarket trading, from $3,90 to $29, showing that the market is full of anticipation about the future of this merger project.

Frequently Asked Questions

Why is this merger important for the bitcoin market?
This merger is crucial because it shows that Bitcoin is being taken more seriously in traditional finance, which could lead to greater adoption and investment in crypto.

How will the merger impact KindlyMD's operations?
KindlyMD will continue to operate its healthcare services as before, while the focus on bitcoin treasury activities transitions to Nakamoto.

What can we expect from the new company's future name and ticker?
While the new name and ticker have not yet been announced, the change could symbolize a fresh start and new opportunities for the company.

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