KindlyMD, Inc. and Nakamoto Holdings Inc. have completed their merger to form a Bitcoin treasury vehicle, now operating under the KindlyMD name. This merger aims to acquire one million BTC and positions Nakamoto as a wholly owned subsidiary focusing on Bitcoin financial services. The transaction provided approximately $540 million for Bitcoin purchases and solidified a new leadership team with David Bailey as CEO. The company's mission is to establish a premier institutional-grade Bitcoin treasury, pushing the integration of Bitcoin within capital markets.
“Our vision is for the world's capital markets to operate on a Bitcoin standard. Today's merger represents the beginning of that journey for our company,” said David Bailey, CEO of the combined company.
Tim Pickett, former KindlyMD CEO and now Chief Medical Officer, added: “We are thrilled to officially close our merger with Nakamoto... Bitcoin gives us the ability to preserve value with the same integrity we apply to delivering care.”
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