KindlyMD, Nakamoto Merge in $710M Bitcoin Deal

KindlyMD, a Utah-based healthcare services provider, has announced a merger with Nakamoto Holdings, a Bitcoin-focused public entity founded by crypto adviser David Bailey, to create a publicly traded Bitcoin treasury company. The deal includes a record $710 million capital raise, composed of $510 million in private equity investment and $200 million in convertible notes. David Bailey will assume the role of CEO of the combined company, while Tim Pickett will continue to oversee healthcare operations. The merged entity plans to accelerate Bitcoin adoption by accumulating and managing Bitcoin holdings and integrating digital assets into healthcare and other industries. The merger has prompted KDLY shares to rise by over 400%, reflecting strong investor interest. Completion of the merger remains subject to regulatory and shareholder approval.