announcement<\/a> from the U.S.-based healthcare services provider, both companies will now file information statements with the Securities and Exchange Commission.\u00a0<\/p>\nThe merger is expected to close 20 days after these disclosures are shared with shareholders. Completion is targeted for the third quarter of 2025.<\/p>\n
Nakamoto Holdings, led by Donald Trump\u2019s crypto adviser David Bailey, is a newly formed entity that seeks to consolidate Bitcoin-native businesses under one umbrella.<\/p>\n
The deal gives Nakamoto Holdings a Nasdaq-listed vehicle to pursue its goal of turning Bitcoin into a foundational asset across global capital markets.<\/p>\n
The merged firm plans to scale its Bitcoin holdings per share, a concept Bailey refers to as \u201cBitcoin Yield,\u201d through equity, debt, and hybrid offerings.\u00a0<\/p>\n
<\/p>\n
Though KindlyMD will continue operating its clinics focused on opioid reduction and alternative therapies, the new entity\u2019s core focus will be financial, not medical.<\/p>\n
\u201cWe are grateful that KindlyMD shares our vision for a future in which Bitcoin is a core part of the corporate balance sheet, and investors across global capital markets have exposure to the world\u2019s greatest asset and store of value,\u201d Bailey said in an accompanying statement.<\/p>\n
The companies first announced the proposed merger on May 12. At the time, they described plans to launch a network of Bitcoin-native firms while using the merged balance sheet to accumulate BTC.\u00a0<\/p>\n
Details of the merger were announced alongside a $710 million capital raise, with Nakamoto securing $510 million through a private placement and $200 million via convertible notes, which, according to Nakamoto, was the largest PIPE in any public crypto-linked transaction to date.<\/p>\n
Bailey, who will become CEO of the merged entity, has likened his vision to building a modern counterpart to the Rothschilds or Morgans, except with Bitcoin as the reserve asset.\u00a0<\/p>\n
\u201cEvery balance sheet, public or private, will hold Bitcoin,\u201d he said at the time.<\/p>\n
News of the merger sent shares of KindlyMD (KDLY) soaring more than 650% in premarket trading when it was first announced. Shares closed May 20 at $15.22, up 9% on the day, and climbed another 4.8% in after-hours trading. KDLY is now up over 979% year-to-date.<\/p>\n
Bitcoin\u2019s growing role as a treasury asset<\/h2>\n
With Bitcoin gaining traction as a corporate treasury asset, the KindlyMD\u2013Nakamoto merger adds to a broader wave of public companies across the globe that have integrated Bitcoin into their financial strategies.<\/p>\n
In the healthcare space, Basel Medical Group entered exclusive talks to buy up to $1 billion worth of Bitcoin earlier this month, while Semler Scientific has also joined the trend, and has been consistently building a sizable Bitcoin stash, holding 3,808 BTC as of May 21.<\/p>\n
Meanwhile, in Latin America, Brazilian fintech M\u00e9liuz became the first publicly traded company in the region to adopt Bitcoin as a treasury asset, following shareholder approval earlier this month.\u00a0<\/p>\n
Over in the Middle East, Al Abraaj Group kicked off its Bitcoin strategy with an initial 5 BTC purchase, while signalling plans to acquire more.<\/p>\n
Strategy\u2014formerly MicroStrategy\u2014was the first major public company to adopt Bitcoin as a primary treasury asset back in 2020, effectively popularizing the corporate Bitcoin playbook.\u00a0<\/p>\n
Recently, the firm disclosed a fresh $765 million purchase, adding 7,390 BTC to its balance sheet.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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