KindlyMD Shares Surge 600% After $710M Merger With Bitcoin Firm Nakamoto

KindlyMD, a healthcare services company, announced a merger with Nakamoto Holdings, a Bitcoin investment firm led by David Bailey, a cryptocurrency advisor to President Donald Trump, prompting a massive surge in KindlyMD's stock price by over 600%. The merger, which includes $510 million in private investment in public equity (PIPE) and $200 million in convertible debt, aims to create a publicly traded company focused on Bitcoin treasury strategies and offering investors exposure to Bitcoin through compliant equity structures. The combined entity will continue trading under the KDLY ticker temporarily before rebranding, with Bailey as CEO, and will leverage the expertise of notable Bitcoin investors such as Adam Back, Balaji Srinivasan, and Jihan Wu. KindlyMD will maintain its healthcare operations while the merged company prioritizes building a Bitcoin-native financial institution designed to hold Bitcoin as a core asset. This strategic move is intended to accelerate Bitcoin adoption and provide transparent investment vehicles linked to Bitcoin's price movements without direct cryptocurrency ownership. The merger has received unanimous approval from both companies' boards and awaits shareholder consent to finalize.