Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
KindlyMD, a healthcare services provider, has merged with Nakamoto Holdings, a Bitcoin-native holding company, to create a significant Bitcoin treasury. This strategic move, announced May 12th, marks a significant step toward integrating Bitcoin into traditional finance. Spearheaded by David Bailey, a crypto advisor to former US President Donald Trump, Nakamoto Holdings aims to establish the world’s first network of Bitcoin treasury companies in partnership with BTC Inc.
Bailey envisions a future where Bitcoin is a standard asset on all balance sheets, public and private. This merger represents a convergence of traditional finance and Bitcoin-native markets, with the goal of accelerating Bitcoin adoption and utility. Nakamoto Holdings plans to build an ecosystem encompassing media, advisory, and financial services, all focused on Bitcoin. The company’s strategy mirrors that of MicroStrategy, utilizing equity, debt, and other financial instruments to accumulate Bitcoin and increase its value per share.
The merger promises transparent and compliant market exposure to Bitcoin. The combined entity intends to integrate Bitcoin into various financial instruments—equity, debt, preferred shares, and new hybrid structures—and list these on major global exchanges. This ambitious plan aims to place Bitcoin at the heart of global capital markets.
The merger secured substantial financing: $510 million from a private placement of equity at $1.12 per share (common stock and pre-funded warrants) and $200 million from the sale of senior secured convertible notes maturing in 2028. KindlyMD shares will continue trading on Nasdaq under the symbol “KDLY” until the renamed company adopts a new ticker symbol following the merger’s completion. The combined company will inherit Nakamoto Holdings’ existing obligations and partnerships, including marketing services from BTC Inc., the publisher of Bitcoin Magazine and organizer of the Bitcoin Conference. Shareholder approval from KindlyMD is still required to finalize the transaction. The merger is expected to close concurrently with the financing.
