David Bailey’s Bitcoin firm Nakamoto has completed its merge with KindlyMD. The two companies have formed a Bitcoin Treasury Vehicle that is publicly listed and aims to collect 1,000,000 Bitcoin.
The newly merged company will keep the KindlyMD brand and trade under NAKA on Nasdaq, while Nakamoto is a fully owned subsidiary.
Nakamoto, among other companies, has ambitious plans for acquiring a significant portion of the fixed Bitcoin supply of 21,000,000 coins.
Bailey, former KindlyMD CEO Tim Pickett will serve as Chief Medical Officer and oversee the healthcare division of the newly combined entity. said This Thursday.
KindlyMD shares rose Price rally of 13.4% since the 12th May, when two firms announced their mergers. merger agreement.
“Our vision is for the world’s capital markets to operate on a Bitcoin standard. Today’s merger represents the beginning of that journey for our company,” Bailey is a former Bitcoin adviser for US President Donald Trump.
KindlyMD’s mission statement is to buy 1,000,000 Bitcoins.BTCMake Bitcoin accessible to investors, and create a range of Bitcoin products that will assist in corporate and government adoption.
Michael Saylor’s Strategy is already in place holds 628,946 Bitcoin The company has no intention of slowing down. Metaplanet You can also find out more about the following: Semler Scientific The two companies have announced plans to amass 210,000 and 105,000 bitcoins, respectively, before the end of 2027.
Bitcoin Exchange-Traded Fund Issuers Like BlackRock and Fidelity Bitcoins are being accumulated at a massive scale by other investors, which is driving demand up for this asset.
There are still 999,979 BTC to be mined.
Presently, KindlyMD is only available in the United States. holds It noted that 21 Bitcoin plans to use $540m from recent PIPE financing (placement of public equity) for building a larger Bitcoin treasury.
BitBo’s Bitcoin Treasuries: At the current Bitcoin market price, KindlyMD can add an additional 4,544 Bitcoins to its total holdings. This would place it amongst the 20 largest Bitcoin Treasury firms in terms of total holdings. dashboard shows.
Related: US Treasury’s Scott Bessent backpedals: Bitcoin buying still possible
KindlyMD is also expecting to complete a $200 million convertible bond offering that was previously announced on Saturday.
KindlyMD announces its new Board Leaders
KindlyMD added several new members to its board. Eric Weiss was one of them. He is the founder of Bitcoin Investment Group, and also a well-known man for his expertise in cryptocurrency. orange-pilling SaylorMark Yusco is the CEO and founder of Morgan Creek Capital Management.
Greg Xethalis is a partner and general counsel of Multcoin Capital. Digital Chamber chairperson Perianna boreing was also on the list.
NAKA share prices soar
Google Finance showed that the 13.4% increase in NAKA shares sent its share price up to $15.02, and raised NAKA’s market capitalization to $114.25 millions.
KindlyMD’s price has risen $2.85 in the two weeks since the announcement of the merger on May 12. This continues the strong trend among Bitcoin buying firms.
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Source: cointelegraph.com
