KindlyMD Nakamoto Merger to Raise 710 Million for Bitcoin Expansion

Shareholders of KindlyMD, Inc., a healthcare services provider, have given their approval for a proposed merger with Nakamoto Holdings, a Bitcoin holding company founded by David Bailey, a crypto advisor to former U.S. President Donald Trump. This merger, which was first announced on May 12, aims to create a network of Bitcoin-related entities and bolster the treasury by accumulating Bitcoin (BTC).

The merger is expected to take place 20 days after both companies have shared the information statement with KindlyMD’s shareholders, with the transaction expected to be finalized in the third quarter of 2025. Both KindlyMD and Nakamoto Holdings will file information statements with the Securities and Exchange Commission, as stated by KindlyMD in a May 20 statement.

The merged entity will use equity, debt, and other offerings to develop a slew of Bitcoin-native companies. This strategic move is part of a broader trend where public companies are increasingly adding Bitcoin to their balance sheets, outpacing retail investors and exchange-traded funds. The merger is set to raise US$710 million, making it the largest public crypto deal to date. This significant development underscores the growing interest in Bitcoin and cryptocurrencies within the broader financial landscape.

The merger is a testament to the increasing acceptance and integration of cryptocurrencies into mainstream finance, as well as the potential for collaboration between traditional industries and the crypto sector. The new company will be publicly traded, providing investors with an opportunity to participate in the growing crypto market through a traditional investment vehicle. This move leverages KindlyMD's healthcare expertise and Nakamoto Holdings' crypto investment prowess to create a unique and innovative business model.