Bitcoin News Today: KindlyMD Completes Merger With Nakamoto to Buy 1 Million Bitcoin

KindlyMD, Inc. (NASDAQ: NAKA) has completed its merger with Nakamoto Holdings Inc., forming a publicly traded entity focused on acquiring up to one million Bitcoin and advancing its use in global capital markets [1]. The merged company will operate under the KindlyMD name, with Nakamoto functioning as a wholly owned subsidiary dedicated to Bitcoin financial services [2]. David Bailey, a prominent figure in the Bitcoin community and former leader of Nakamoto, has been appointed as CEO and Chairman [3].

The merger has already raised $540 million through a private placement in public equity (PIPE), which will be used primarily to purchase Bitcoin [2]. The company also announced plans to conclude a $200 million convertible note offering in the coming days, further supporting its treasury strategy [1]. By combining corporate finance tools with Bitcoin’s growing institutional appeal, the new entity aims to streamline Bitcoin’s integration into mainstream investment frameworks and serve as a model for public market Bitcoin treasury management [2].

“Our vision is for the world’s capital markets to operate on a Bitcoin standard,” Bailey stated in a company announcement. “Today’s merger represents the beginning of that journey for our company” [2]. Tim Pickett, former CEO of KindlyMD and now Chief Medical Officer, added that the merger aligns with the company’s commitment to operational and innovative excellence, extending these principles into its capital strategy [2].

The leadership team has been expanded with key appointments, including Amanda Fabiano as COO, Tyler Evans as CIO, and Andrew Creighton as CCO [2]. The board of directors has also been strengthened by the addition of high-profile independent members, including Charles Blackburn, Perianne Boring, Eric Weiss, Greg Xethalis, and Mark Yusko [2]. This leadership structure aims to support the company’s aggressive goals in the Bitcoin space while maintaining corporate integrity and strategic governance [2].

The merger represents a pivotal moment in Bitcoin’s transition from a speculative asset to a recognized institutional financial tool. By leveraging the scale and visibility of a publicly traded company, the new entity is well positioned to influence broader market adoption and potentially reshape how corporations and governments approach Bitcoin treasuries [1].

Sources:

[1] Bitcoin Magazine, “KindlyMD & Nakamoto Officially Merge, Plans To Buy One ...” https://bitcoinmagazine.com/business/kindlymd-nakamoto-officially-merge-plans-to-buy-one-million-btc

[3] Morningstar, “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