KindlyMD, a healthcare company focused on combating the opioid crisis, announced a merger with Nakamoto Holdings, a bitcoin investment firm. The merger has led to KindlyMD’s shares soaring by 250%. The new company has raised $710 million, with $200 million in convertible debt and $510 million from investors through a private investment in public equity (PIPE) deal.
Over 200 investors, including Actai Ventures, Arrington Capital, and BSQ Capital Partners, have backed the project. David Bailey, co-founder of Nakamoto Holdings and advisor to President Trump on crypto policy, will serve as the CEO of the new Bitcoin treasury. Bailey stated, “The securitization of Bitcoin will redraw the world’s economic map.
KindlyMD’s strategic merger boost
We believe a future is coming where every balance sheet—public or private—holds Bitcoin.”
Despite the new direction, KindlyMD affirmed its commitment to its health mission alongside the venture. Tim Pickett, CEO of KindlyMD, said, “This merger represents a strategic leap for KindlyMD, expanding our mission.
Nakamoto brings deep expertise in Bitcoin strategy and unparalleled access to leading experts in Bitcoin treasury management.
The newly combined entity plans to rebrand, change its ticker symbol, and acquire bitcoin-native companies to build a global network of bitcoin holdings. With ongoing deals in various markets, Bailey revealed ambitions to actively acquire and create bitcoin treasury companies globally. Constantine Karides, lead counsel on the deal, called it a “transformational transaction” and noted the increasing adoption of innovative transaction structures embracing blockchain and digital assets.
The merger marks a bold new vision for both companies, blending healthcare with cutting-edge cryptocurrency investment strategies to create long-term shareholder value. Bitcoin was trading above $102,000 on Monday afternoon following the announcement.