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KindlyMD Merges with Nakamoto, Secures $710M for Bitcoin Strategy

5/12/2025

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Summary

Story summary

KindlyMD, a healthcare provider in Utah, merged with Bitcoin-focused Nakamoto Holdings to adopt a Bitcoin treasury strategy.
The merger secured $710 million via private placement and convertible notes, with David Bailey as CEO.
The new entity plans to integrate Bitcoin into global capital markets while continuing KindlyMD's focus on opioid addiction treatment.
Shareholder approval is pending, and trading will continue under the symbol "KDLY" until a new ticker is established.

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Story summary

KindlyMD, a healthcare provider in Utah, merged with Bitcoin-focused Nakamoto Holdings to adopt a Bitcoin treasury strategy.
The merger secured $710 million via private placement and convertible notes, with David Bailey as CEO.
The new entity plans to integrate Bitcoin into global capital markets while continuing KindlyMD's focus on opioid addiction treatment.
Shareholder approval is pending, and trading will continue under the symbol "KDLY" until a new ticker is established.