KindlyMD and Nakamoto Holdings Merge to Boost Bitcoin Adoption
KindlyMD shareholders have green-lit a merger with Nakamoto Holdings, a Bitcoin-focused firm.This move aims to create a publicly traded entity centered on Bitcoin. The healthcare provider announced this on May 20. Both companies will file statements with the SEC soon.
The merger is set to finalize in the third quarter of 2025, about 20 days after the SEC filings. Nakamoto Holdings, led by David Bailey, Donald Trump’s crypto advisor, plans to unite bitcoin-centric businesses.Bailey envisions Bitcoin as a cornerstone asset in global markets.
KindlyMD and Nakamoto Holdings have joined forces, setting the stage for a significant Bitcoin-focused entity. Shareholders approved the merger on May 20, with plans to file with the SEC shortly. The deal is expected to close by Q3 2025.
David Bailey, nakamoto’s leader and donald Trump’s crypto advisor, aims to make bitcoin a core asset in global markets. The merged company will focus on scaling Bitcoin holdings per share, a concept known as “Bitcoin Yield.”
KindlyMD will continue its clinics for opioid reduction and alternative therapies, but the new entity’s primary focus will be financial. Bailey stated, “We’re excited to partner with KindlyMD to integrate Bitcoin into corporate balance sheets worldwide.”
The merger was announced alongside a $710 million capital raise. Nakamoto secured $510 million through a private placement and $200 million via convertible notes.
KindlyMD shares (KDLY) surged over 650% in premarket trading when the merger was first announced. The stock closed at $15.22 on May 20, up 9%, and climbed another 4.8% in after-hours trading.
bitcoin is increasingly becoming a corporate treasury asset. Other companies like Basel Medical Group and Semler Scientific have also integrated Bitcoin into their strategies. In Latin America, Méliuz became the first publicly traded company to adopt Bitcoin as a treasury asset.
Strategy, formerly MicroStrategy, pioneered the corporate Bitcoin playbook in 2020. Recently, they added 7,390 BTC to their balance sheet with a $765 million purchase.
