Bitcoin Magazine CEO David Bailey to Spearhead Merger of Nakamoto and KindlyMD

In a bold move to blend legacy sectors with digital asset strategy, Bitcoin Magazine CEO David Bailey is spearheading a merger between his Bitcoin-native

Bitcoin Magazine CEO David Bailey is merging his Bitcoin-native firm Nakamoto with KindlyMD (Nasdaq: KNDLY), a healthcare revenue cycle management provider, in a move to combine legacy industry sectors with a digital asset strategy.

The merger, which is still subject to shareholder approval, is backed by a record-setting capital raise of $510 million in equity and $200 million in convertible debt. It will see Bailey helm the new entity as CEO, integrating KindlyMD’s medical business with Nakamoto’s BTC treasury management.

The merger aims to create a new kind of public company that runs traditional operations and builds a treasury backed by Bitcoin. The company plans to grow its Bitcoin holdings per share using public market tools, with the goal of generating a "Bitcoin yield."

This approach will place Bitcoin at the heart of the company's finances and could lead to a shift in the global economic landscape, according to Bailey.

“We are going to be putting Bitcoin yield at the center of the capital markets again. In the 15th century, they used to cut up the maps of the world at the edges of the British Isles. Today, we are going to be putting Bitcoin at the center of the financial world.”

The new board will be heavily skewed in favor of Nakamoto, with six out of seven seats. The firm will eventually rebrand and trade under a new symbol, although it will keep KindlyMD’s Nasdaq listing for now.

Bailey, who has become increasingly vocal in his support for Donald Trump’s pro-Bitcoin stance, sees the merger as part of a broader historical narrative.

“Every financial era has its names—Morgan, Rothschild, Goldman. Now we build that future, in the institutions and fabric of tomorrow, with Nakamoto.”

This merger comes amid a broader trend of companies adding Bitcoin to their treasuries. To date, more than 70 companies have announced such plans.

Recently, SoftBank is launching a multi-billion dollar crypto venture, while Bitfinex and Cantor Fitzgerald are also expanding their digital asset activities.