KindlyMD Acquires Bitcoin in Readiness for Merger With Nakamoto Holdings
KindlyMD,a healthcare services leader,has secured 21 Bitcoin,setting the stage for its merger with Nakamoto Holdings.
David Bailey, CEO of BTC Inc., and a crypto advisor to former U.S. President Donald Trump, founded Nakamoto Holdings. This new entity, named after Bitcoin’s creator, will soon merge with KindlyMD. The move aims to establish KindlyMD as a leading strategy for holding Bitcoin.
This initial BTC purchase was valued at $2.3 million, with each coin costing around $109,027. the funds came from recent warrant exercises, bringing in $8.7 million. Bailey explained, “Choosing 21 BTC as our starting point symbolizes our commitment to becoming a major player in Bitcoin holdings.”
KindlyMD CEO Tim Pickett added,”Our investors supported the merger,enabling this Bitcoin purchase. We strive to realize our vision of Bitcoin as a value store with Nakamoto Holdings.”
The merger with Nakamoto Holdings also involves Anchorage Digital, a trusted crypto custody platform. This collaboration showcases a collective push towards corporate bitcoin adoption.
On May 21, KindlyMD shareholders approved the strategic partnership. The merger is expected to finalize later this year, paving the way for a pivotal chapter in corporate Bitcoin investment.
