Particle.news
Download on the App Store
5 ARTICLES
·
last wk.

KindlyMD Merges with Nakamoto Holdings, Shares Surge Over 650%

The $710 million deal pivots the healthcare provider toward a bitcoin treasury strategy, pending shareholder and regulatory approval.

Image
Image

Overview

  • KindlyMD, a healthcare services provider, announced a merger with Nakamoto Holdings, a bitcoin investment firm led by Trump crypto advisor David Bailey.
  • The merger raises $710 million through a $510 million PIPE deal and $200 million in convertible debt, attracting over 200 investors including major institutional players.
  • Shares of KindlyMD (KDLY) soared over 650% following the announcement, with plans to rebrand and adopt a new ticker after regulatory and shareholder approvals.
  • The combined entity will focus on acquiring and holding bitcoin as its core treasury strategy, while KindlyMD continues its healthcare operations under CEO Tim Pickett.
  • This move aligns with a growing trend of public companies adopting bitcoin as a treasury reserve asset, signaling increased institutional interest in cryptocurrency.