KindlyMD & Nakamoto Officially Merge, Plans to Buy One Million BTC
KindlyMD, Inc. (NASDAQ: NAKA) and Bitcoin-native holding firm Nakamoto Holdings Inc. have officially accomplished their long-anticipated merger, forming a publicly traded Bitcoin treasury automobile with ambitions to amass a million BTC. The mixed entity will function below the KindlyMD title, buying and selling on the Nasdaq Capital Market, whereas Nakamoto will operate as an entirely owned subsidiary overseeing the Bitcoin monetary companies division.
BREAKING: David Bailey's Nakamoto formally completes merger and might now purchase over $740 MILLION #Bitcoin
Bullish!
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“Our imaginative and prescient is for the world’s capital markets to function on a Bitcoin customary. In the present day’s merger represents the start of that journey for our firm,” stated David Bailey, CEO of the mixed firm. “Since I began my journey in Bitcoin 13 years in the past, I’ve at all times believed Bitcoin would turn into essentially the most useful asset in human historical past, held by each individual, firm, and authorities. The securitization of Bitcoin has proven us how establishments will undertake it. We intend to drive that ahead.”
Tim Pickett, former KindlyMD CEO and now Chief Medical Officer, added: “We’re thrilled to formally shut our merger with Nakamoto. We’ve constructed KindlyMD on operational and modern excellence, and we are actually extending that very same precept to our capital technique. Bitcoin provides us the power to protect worth with the identical integrity we apply to delivering care.”
The transaction generated roughly $540 million in gross proceeds by means of a non-public placement in public fairness (PIPE) financing, which shall be used primarily for Bitcoin purchases. A $200 million convertible be aware providing is predicted to shut tomorrow.
Bailey will lead as CEO and Chairman of the Board, with a strengthened management staff together with Amanda Fabiano as COO, Tyler Evans as CIO, and Andrew Creighton as CCO. Newly appointed impartial administrators embrace Charles Blackburn, Perianne Boring, Eric Weiss, Greg Xethalis, and Mark Yusko, alongside Pickett.
The merged firm’s mission is obvious: construct a premier, institutional-grade Bitcoin treasury automobile to drive company and authorities adoption of the asset. By leveraging superior company finance methods, Nakamoto goals to simplify Bitcoin integration into international capital markets and place itself as a pacesetter in public market Bitcoin treasury administration.
Bailey strengthened his dedication on X, stating: “Honored to formally be part of KindlyMD as CEO and Chairman. Thanks for approaching this journey with me — collectively we’ll rebuild the world on the bitcoin customary. One Nakamoto = A million Bitcoin.”
Disclosure: Nakamoto is in partnership with Bitcoin Journal’s guardian firm BTC Inc to construct the primary international community of Bitcoin treasury corporations, the place BTC Inc supplies sure advertising and marketing companies to Nakamoto. Extra info on this may be discovered here.
This submit KindlyMD & Nakamoto Officially Merge, Plans to Buy One Million BTC first appeared on Bitcoin Magazine and is written by Nik.