KindlyMD, Inc. (NASDAQ: NAKA) and Bitcoin native holding company Nakamoto Holdings Inc. have officially completed the long-standing merger and have established a Bitcoin financial vehicle that is open to ambitions to win 1 million BTC. The combined entities trade on Nasdaq Capital Market and operate under the KindlyMD name, and Nakamoto will serve as a wholly subsidiary overseeing the Bitcoin Financial Services division.
“Our vision is that global capital markets operate on the Bitcoin standard. Today’s mergers represent the beginning of our journey.” “Since we began our journey with Bitcoin 13 years ago, we have always believed that Bitcoin will become the most valuable asset in the human history held by everyone, companies and governments. The securitization of Bitcoin shows how institutions adopt it. We are going to move it forward.”
Tim Pickett, former CEO of KindlyMD and now Chief Medical Officer, added: “We are excited to officially close our merger with Nakamoto. We have built KindlyMD on operational innovative excellence. We are now expanding the same principles into our capital strategy.
The transaction generated approximately $540 million in total revenue through private placement in public equity (PIPE) funding, primarily used to purchase Bitcoin. The $200 million convertible memo offering is expected to close tomorrow.
Bailey will serve as CEO and Chairman of the Board, leading an enhanced leadership team, including Amanda Fabiano as COO and CIO Tyler Evans and Andrew Creighton as CCO. Newly appointed independent directors include Charles Blackburn, Perian Boring, Eric Weiss, Greg Zesalis and Mark Yusco.
The mission of the merged company is clear. Building the best in-facility Bitcoin financial vehicles to promote corporate and government adoption of assets. By leveraging its advanced corporate finance strategy, Nakamoto aims to simplify Bitcoin integration into global capital markets and to take on the position of leadership in Bitcoin financial management management in the open market.
Bailey has stepped up his commitment at X, saying: “I am honored to be officially involved with CreedlyMD as CEO and Chairman. Thank you for coming with me on this journey.
Disclosure: Nakamoto is working with BTC Inc, the parent company of Bitcoin Magazine, to build the first global network of Bitcoin Treasury Companies, where BTC Inc offers specific marketing services to Nakamoto. More details about this can be found here.
