Shares of KindlyMD surged an astounding 600% following the company’s announcement that it would merge with Nakamoto Holdings. The launch of this company, which is being guided by CEO David Bailey—that David Bailey, the famous crypto advisor to former President Donald Trump. This strategic maneuver further establishes KindlyMD in the rapidly expanding world of cryptocurrency with a special interest on accumulating and holding Bitcoin.
Nakamoto Holdings, which was in the news after raising $200 million in convertible debt, That’s no small feat considering they just raised $510 million via a private investment in public equity (PIPE) deal. The PIPE deal was done at an effective share price of $1.12 and drew overwhelming interest from institutional and retail investors. This rise in interest is cementing Bitcoin’s presence as a mainstay asset for long-term financial portfolios going forward.
Under Bailey’s leadership, Nakamoto aims to capitalize on the increasing trend among investment firms to convert their stock into direct bets on Bitcoin’s price movements. The company’s strategy has already raised the confidence of over 200 backers. Included in their ranks are some of the most powerful figures in crypto, including cryptographer Adam Back, former Coinbase executive Balaji Srinivasan, Bitmain co-founder Jihan Wu, and Mexican billionaire Ricardo Salinas. In particular, well-known firms offer powerful institutional support. These consist of Actai Ventures, Arrington Capital, BSQ Capital Partners, Kingsway, Van Eck and Yorkville Advisors.
“We believe a future is coming where every balance sheet – public or private – holds bitcoin.” – David Bailey
Tim Pickett, CEO of KindlyMD, said he was excited about what the merger could mean.
The acquisition with Nakamoto gives KindlyMD the ability to leverage their partner & industry expert’s years of experience in Bitcoin strategy. It provides KindlyMD invaluable access to the leading experts in Bitcoin treasury management. This partnership is paralleled by the growing adoption of Bitcoin as a key asset on corporate treasury reserves.
“This merger represents a strategic leap for KindlyMD, allowing us to expand our mission.” – Tim Pickett
The significant rise in KindlyMD’s stock reflects investor confidence in Nakamoto’s innovative approach to cryptocurrency and its potential to reshape traditional investment paradigms. At the same time, more companies are starting to seek out ways to bring Bitcoin into their financial structures. Nakamoto is primed to be a major player in this new market.
The significant rise in KindlyMD’s stock reflects investor confidence in Nakamoto’s innovative approach to cryptocurrency and its potential to reshape traditional investment paradigms. As more companies explore the integration of Bitcoin into their financial frameworks, Nakamoto stands poised to become a pivotal player in this evolving market.