David Bailey’s Nakamoto has successfully merged with KindlyMD to establish a Bitcoin treasury company aiming to accumulate 1 million Bitcoin. The new entity will continue to operate under the KindlyMD name and trade on Nasdaq as NAKA, with Nakamoto as a wholly-owned subsidiary. Bailey serves as CEO while KindlyMD’s former CEO, Tim Pickett, will oversee healthcare operations. This merger aligns with Nakamoto's ambitious intentions to acquire a significant portion of Bitcoin’s fixed supply. Currently holding only 21 Bitcoin, KindlyMD plans to utilize $540 million from recent financing for its treasury. The merger announcement has seen a significant spike in KindlyMD's share prices, reflecting a growing trend among firms amassing Bitcoin. With plans to also close a $200 million convertible note offering, the merger signifies a strategic move in the Bitcoin landscape, aiming for enhanced accessibility and adoption.

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