KindlyMD Merges with Nakamoto Holdings in a $710 Million Deal to Pilot Bitcoin Treasury Management

The transaction brought in over $710 million in new funding and positioned the combined firm to pilot a Bitcoin treasury management

KindlyMD, a healthcare data company currently trading on the Nasdaq exchange, is undergoing a major merger with Nakamoto Holdings. This transaction has brought in over $710 million in new funding and positioned the combined firm to pilot a Bitcoin treasury management.

A New Direction with Bitcoin at the Forefront

Announced on Friday, the deal sees KindlyMD being acquired by Nakamoto Holdings Inc., a Bitcoin-native holding company founded by David Bailey.

This merger comes as the largest digital asset, Bitcoin, surged past $100,000 for the first time in months.

According to the statement, the deal marks a strategic shift for KindlyMD, which currently provides integrated healthcare services through clinics and an anticoagulation business. While its clinics will continue to operate and provide care, the company is pivoting to build a treasury strategy focused on Bitcoin.

hello worldhttps://t.co/UQNX71ra8r

— Nakamoto (@Nakamoto_HQ) May 12, 2025

Bailey, also the founder of BTC Inc. and UTXO Management, will take over as CEO of the merged company. His goal is to create a public-facing conglomerate that uses Bitcoin as a core asset.

This new direction is part of the company’s broader effort to offer equity, debt, and hybrid financial instruments backed by Bitcoin and accessible to traditional investors.

As part of the merger, the new entity will hold Bitcoin on its balance sheet and aim to grow BTC yield per share. According to Bailey, Nakamoto wants to list Bitcoin-backed instruments on major global exchanges.

To support this vision, a total of $710 million has been raised. The package includes $510 million through a Private Placement in Public Equity (PIPE) at $1.12 per share and another $200 million via senior secured convertible notes due in 2028.

Over 200 investors from six continents participated, including key institutional participants such as Arrington Capital, Van Eck, Kingsway, and ParaFi. Notable individuals like Adam Back and Balaji Srinivasan were also involved.

A Merger Signaling a Shift in Leadership and Focus

Six Nakamoto appointees and one KindlyMD appointee will be part of the new board of directors. Bailey brings experience leading Bitcoin Magazine, organizing major conferences, and being a voice for Bitcoin adoption. His team includes seasoned executives with decades of experience in digital assets and finance.

KindlyMD’s CEO, Tim Pickett, will continue overseeing the company’s healthcare division. The clinics will remain focused on addressing the opioid crisis with patient-first, holistic services. They are expected to continue operating with the same high standards and staffing that built their reputation.

Both companies’ boards have unanimously approved the merger, which is still subject to shareholder approval and customary closing conditions. Shares will continue trading on Nasdaq under the ticker KDLY until a new name and ticker are finalized.

In other related news, Japan’s Metaplanet has now overtaken El Salvador in Bitcoin reserves after completing the acquisition of 1,241 BTC for about $129 million. This marks the company’s most costly purchase yet, with each Bitcoin bought at an average price of $101,843.

The post KindlyMD Announces Major Merger with Bitcoin Holding Company Nakamoto for $710M Funding Package appeared first on Web3Wire.

Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His passion for blockchain and cryptocurrency drives his contributions to renowned blockchain media and sites.