KindlyMD, Inc., (NASDAQ: KDLY), an Utah-based healthcare service provider, announced a merger. agreement The following are some examples of how to use Nakamoto Holdings Inc.A Bitcoin-native company. The deal, which was announced in May of 2025, involves $710 million worth of financing via a mix between private placement and convertible bonds.
This merger will result in a public company with a focus on Bitcoin Treasury. It has raised $510m through PIPE at $1.12/share and 200m in convertible senior notes due in 2028.
David Bailey will be the CEO of this combined company. He is both founder and former chairman of BTC Inc. Tim Pickett, who currently manages KindlyMD’s operations in Utah, will be continuing to do so. This includes four clinics that offer integrated medical care, pain relief, and mental healthcare.
David Bailey, the founder and CEO of Nakamoto, said: “Nakamoto’s vision is to bring Bitcoin to the center of global capital markets, packaging it into equity, debt, preferred shares, and new hybrid structures that every investor can understand and own. Our mission is simple: list these instruments on every major exchange in the world.”
He continued, “Nakamoto is building the first publicly traded conglomerate designed to accelerate that future. The financial institutions who defined their chapter in history have all carried the names of their founders: Medici, Rothschild, Morgan, Goldman. Today, we stake that legacy on Nakamoto.”
The PIPE finance attracted more than 200 investors worldwide, including institutions such as Actai Ventures, Arrington Capital, BSQ Capital Partners, Kingsway, Off the Chain Capital, ParaFi, RK Capital, Van Eck, Yorkville Advisors, along with individuals like Adam Back, Balaji Srinivasan, Danny Yang, Eric Semler, Jihan Wang, Ricardo Salinas, Simon Gerovich, (CEO YA II PN, Ltd., a fund of investment managed by Yorkville Advisors, purchased the convertible notes.
KindlyMD shares will trade on Nasdaq with the symbol “KINDLYMD” under the terms of the agreement. “KDLY” The ticker will remain unchanged until the new symbol is revealed. The board of directors for the combined company will include six directors, one each appointed by Nakamoto & KindlyMD.
In addition, BTC Inc. will assume Nakamoto’s contract for marketing services relating to Bitcoin Treasury Operations. KindlyMD’s clinical operation will remain focused on the current goal of reducing opioid usage through integrated health services.
KindlyMD shareholders must approve the merger and it is subject to standard closing conditions. Details of the transaction will also be included in a Current Report 8-K, which is due to be filed at SEC.
BTC Inc., the parent company of Bitcoin Magazine, shares ownership with Nakamoto. BTC Inc. has an agreement with Nakamoto that involves marketing services.
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Source: bitcoinmagazine.com
