Bitcoin News Today: KindlyMD Completes Merger With Nakamoto to Build 1-Million-Bitcoin Treasury

David Bailey’s Bitcoin-focused firm, Nakamoto, has finalized its merger with healthcare company KindlyMD, creating a publicly traded entity dedicated to acquiring up to 1 million Bitcoin and integrating the cryptocurrency into institutional capital markets [1]. The merged company will continue to trade on the Nasdaq under the ticker NAKA and operate under the KindlyMD name, with Nakamoto functioning as a wholly-owned subsidiary [2]. The move underscores a growing trend among firms seeking to position Bitcoin as a core asset in corporate treasuries and investment portfolios [2].

The merger is supported by a $540 million private placement in public equity (PIPE) that will fund Bitcoin acquisitions, with additional capital expected from a $200 million convertible note offering [2]. At current market prices, this financing could allow KindlyMD to add approximately 4,544 Bitcoin to its balance sheet, placing it among the top 20 Bitcoin treasury firms globally [2]. However, the company currently holds only 21 BTC, highlighting the scale of its ambitious accumulation strategy [1].

A new executive team has been assembled to support the firm’s goals in the Bitcoin space. David Bailey, a prominent Bitcoin advocate and former leader of Nakamoto, has been appointed as CEO and Chairman of the combined entity [2]. Tim Pickett, KindlyMD’s former CEO, has transitioned to the role of Chief Medical Officer, overseeing the firm’s healthcare operations [2]. Additional leadership appointments include Amanda Fabiano as COO, Tyler Evans as CIO, and Andrew Creighton as CCO [2].

The board has also been strengthened with the addition of notable Bitcoin figures, including Eric Weiss, founder of Bitcoin Investment Group, and Mark Yusko, CEO of Morgan Creek Capital Management. Other board members include Charles Blackburn, Perianne Boring, Greg Xethalis, and Greg Xethalis, further aligning the firm with the institutional Bitcoin ecosystem [2].

“We are at the beginning of a shift in capital markets,” said Bailey. “Our vision is for the world’s capital markets to operate on a Bitcoin standard,” he stated [2]. Pickett added that the merger aligns with the company’s commitment to innovation and operational excellence, extending these principles into its capital strategy [2].

The stock has responded positively to the merger news, with shares rising 13.4% following the announcement. NAKA’s share price reached $15.02, and the company’s market cap climbed to $114.25 million [2]. This follows a broader trend of strong price performance among companies acquiring Bitcoin, reflecting growing institutional interest and confidence in the asset class [2].

The deal marks a significant development in Bitcoin’s journey toward mainstream financial adoption. By combining corporate finance tools with the cryptocurrency’s rising institutional appeal, the merged entity aims to set a new precedent for how Bitcoin is treated in global investment and treasury strategies [2]. As more companies treat Bitcoin as a legitimate financial tool, the merged firm is positioned to influence broader market adoption and reshape how corporations and governments approach digital assets [1].

Sources:

[1] Bitcoin Magazine, [https://bitcoinmagazine.com/business/kindlymd-nakamoto-officially-merge-plans-to-buy-one-million-btc](https://bitcoinmagazine.com/business/kindlymd-nakamoto-officially-merge-plans-to-buy-one-million-btc)

[2] AInvest, [https://www.ainvest.com/news/bitcoin-news-today-kindlymd-completes-merger-nakamoto-buy-1-million-bitcoin-2508/](https://www.ainvest.com/news/bitcoin-news-today-kindlymd-completes-merger-nakamoto-buy-1-million-bitcoin-2508/)

[3] Morningstar, [https://www.morningstar.com/news/accesswire/1061324msn/kindlymd-completes-merger-with-nakamoto-to-establish-bitcoin-treasury](https://www.morningstar.com/news/accesswire/1061324msn/kindlymd-completes-merger-with-nakamoto-to-establish-bitcoin-treasury)