David Bailey’s Nakamoto Merges with KindlyMD in $710M Bitcoin Treasury Strategy Deal

Nakamoto Holdings, led by Bitcoin Magazine CEO David Bailey, has announced a merger with KindlyMD to establish a pioneering Bitcoin treasury strategy. The agreement, valued at $710 million, positions the combined company as a trailblazer in integrating Bitcoin into corporate financial frameworks. Bailey, a prominent figure in the cryptocurrency space and an influential voice in President Trump’s recent pro-Bitcoin stance, will assume the role of CEO for the new entity, steering it toward a vision of Bitcoin-driven financial innovation.

The merger includes a $510 million private investment in public equity and $200 million in convertible notes, marking the largest capital raise for a Bitcoin treasury company and the most substantial private investment for a public crypto-related transaction. These financings are slated to close concurrently with the merger, providing the financial foundation for the company’s ambitious goals. The combined entity will focus on accumulating Bitcoin and increasing Bitcoin ownership per share, referred to as “Bitcoin Yield,” through diverse equity, debt, and other financial instruments. This strategy reflects a broader trend of converging traditional finance with Bitcoin-native markets, a shift Bailey believes will redefine global economic structures.

A Vision for Bitcoin-Native Financial Conglomerates

Bailey’s leadership is underpinned by a bold perspective on Bitcoin’s role in the future of finance. He envisions a world where every balance sheet, whether public or private, incorporates Bitcoin as a core asset. Nakamoto Holdings aims to be the first publicly traded conglomerate designed to accelerate this transformation, leveraging the media and advisory network of BTC Inc., the parent company of Bitcoin Magazine. The merger allows KindlyMD to maintain its healthcare operations while adopting Nakamoto’s Bitcoin-centric financial strategy, creating a unique hybrid model that bridges healthcare and cryptocurrency innovation.

KindlyMD CEO Tim Pickett emphasized the strategic importance of the merger, noting that it expands the company’s mission and enhances long-term shareholder value. The partnership brings together KindlyMD’s healthcare expertise and Nakamoto’s deep knowledge of Bitcoin strategy, supported by access to leading experts in Bitcoin treasury management. The combined company’s board will consist of six directors appointed by Nakamoto and one by KindlyMD, with appointments to be finalized before the deal’s closure. KindlyMD shares will continue trading on Nasdaq under the ticker “KDLY” until the merger is complete, at which point the company will adopt a new name and trading symbol.

This merger represents a calculated step toward mainstreaming Bitcoin within corporate finance, aligning with Bailey’s belief that the securitization of Bitcoin will reshape economic landscapes. By combining Nakamoto’s cryptocurrency expertise with KindlyMD’s established healthcare operations, the new entity is poised to lead the charge in creating Bitcoin-native financial conglomerates, setting a precedent for how companies can integrate digital assets into traditional business models. As the deal progresses, the financial and cryptocurrency communities will be watching closely to see how this innovative strategy unfolds.