David Bailey, KindlyMB Merge to Launch Bitcoin Treasury Firm

By: bitcoin ethereum news|2025/05/12 16:15:06

Key Notes KindlyMD has agreed to a merger with David Bailey’s Nakamoto Holdings. The new entity has seen a total of $710 million raised to back Bitcoin-focused financial products. The merger reflects the role of Bitcoin as a strategic financial product. Healthcare data company KindlyMD has announced a major merger with Nakamoto Holdings. The transaction brought in over $710 million in new funding and positioned the combined firm to pilot a Bitcoin treasury management. Merger Aims to Put Bitcoin at the Core of Global Finance According to the announcement, KindlyMD, currently trading on the Nasdaq under the ticker KDLY, has entered into a definitive merger agreement with Nakamoto Holdings Inc., a Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B native holding company founded by David Bailey. It is worth noting that this merger comes as the largest digital asset, Bitcoin, surged past $100,000 for the first time in months. According to the update, the deal marks a strategic shift for KindlyMD, which currently provides integrated healthcare services. While its clinics will continue to operate, the company is taking a sharp turn toward building 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. He aims 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. A total of $710 million has been raised to support this strategy. 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 in the funding. These include key institutional participants Arrington Capital, Van Eck, Kingsway, and ParaFi. Notable individuals such as Adam Back and Balaji Srinivasan were also involved. Leadership Signals Bitcoin-Focused Shift Six Nakamoto appointees and one KindlyMD appointee will be part of the new board of directors. Bailey brings deep industry experience, leading Bitcoin Magazine and organizing major conferences. His team includes seasoned executives with decades of experience in digital assets. 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 operate under the same standards and staffing that built their reputation. Both companies’ boards have unanimously approved the merger. It still requires shareholder approval and is subject to standard closing conditions. Shares will trade under KDLY until a new name and ticker are finalized. In a related development on Bitcoin, Japan’s Metaplanet has now overtaken El Salvador in Bitcoin reserves after acquiring 1,241 BTC valued at $129 million. This marks the company’s most costly purchase, with each Bitcoin bought at an average price of $101,843. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content. Cryptocurrency News, News 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 desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites. Godfrey Benjamin on X Source: https://www.coinspeaker.com/kindlymd-merges-with-nakamoto-holdings-to-focus-on-bitcoin-treasury/

-- Price

In the next decade, the biggest evolution of Bitcoin is precisely "responding to change with invariance." The four-year cycle is giving way to capital flows such as ETFs, corporate and sovereign reserves, and bank credit, while digital credit and digital currency will grow layer upon layer on top of...

Forbes Special Report: Stablecoin cross-border payments are faster now, but not cheaper yet

Cross-border payments using stablecoins are rapidly expanding, bringing speed and accessibility, but due to insufficient institutional liquidity, they have not yet delivered on their promised cost savings. The technology has been validated, and regulations are improving, but the industry has not yet...

A valuation of 8 billion dollars, doubling in 8 months! What makes the crypto-friendly bank Erebor Bank stand out?

Erebor is a high-profile experiment taking place at the intersection of banking, cryptocurrency, and industrial policy.

340 billion valuation: Li Yanhong's largest IPO, a seat in Kunlunxin's shares is hard to come by

As a core asset in Baidu's AI landscape, Kunlun Chip is expected to exceed Baidu's market value after going public, becoming an important bargaining chip in its turnaround battle.

Stablecoins are the "royalists" of the crypto world: Open USD brings the old currency system into play

The emergence of Open USD has shifted the competition for stablecoins from the market struggle of crypto startups to a battle for infrastructure involving traditional finance, payment networks, technology platforms, and public chain ecosystems.

Cape Verde 2-3 Argentina: The Underdog Team That Stunned the World in Defeat

Cape Verde's run ended in a 3-2 defeat to Argentina, but their journey — three unbeaten draws, one heroic goalkeeper, and a fight that pushed the defending champions to the brink — is the kind of story markets recognize too: small caps can rattle blue chips long before anyone expects it.

Semiconductor stocks plummet, yet Anthropic wants to create a 2nm chip

Abandoning TSMC and teaming up with Samsung. Anthropic launches a self-developed 2nm chip program, challenging Nvidia and starting a battle to break through computing power costs.

Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed

Zhao Changpeng's billion-dollar new "family office" YZi Labs investment landscape revealed: 70% of the funds are committed to the crypto ecosystem, while 30% are cross-industry bets on AI and biotechnology, launching a new capital experiment in the post-Binance era.

Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions

The Ethereum Foundation has released this non-technical introductory report aimed at government officials, central banks, regulators, and corporate decision-makers, explaining how Ethereum works, how it is governed, how it differs from other blockchains, and how institutions and governments are alre...

A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI

True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.

When American giants collectively "defect" from Chinese AI models

Coinbase CEO publicly stated: the company has fully switched its AI to a Chinese model, cutting expenses in half while usage has doubled. Snowflake and Lindy are also doing the same thing—an unnoticed "AI model migration wave" is happening.

BIS Report Compliance Observation: The Real Risks of Stablecoins, Not Just "Depegging"

The issue with stablecoins is not just whether their price will decouple, but whether they can be integrated into a recognizable, monitorable, accountable, and regulated financial system.

Portugal 2-1 Croatia: Ronaldo's 20-Year Knockout-Stage Drought Ends With a Debt Finally Collected

Portugal beat Croatia 2-1 in the 2026 global football championship's knockout rounds as Ronaldo scored his first-ever knockout-stage goal, Gonçalo Ramos struck a stoppage-time winner, and VAR ruled out a late equalizer for offside.

Bitcoin Price Prediction July 2026: Will BTC Recover to $70K or Drop Below $55K?

Bitcoin price prediction for July 2026: Can BTC recover to $70,000 or fall below $55,000? Explore ETF flows, key support levels, Fed outlook, and our Bitcoin forecast.

A South Korean company that learned the strategy of hoarding coins, from a bull market to delisting?

When the overall momentum of the Korean stock market is strong, this batch of cryptocurrency concept stocks, branded as the "Korean version of Strategy," finds itself at a crossroads of life and death.

The impact of OUSD on Circle, Tether, and Paxos: not a single negative factor, but a more complex reshaping of competition

OUSD will not be the last new competitor; Circle needs to respond more actively in terms of products, distribution, and ecosystem collaboration.

Li Feifei's latest long article: When video generation, robots, and NVIDIA all claim to be world models, we need a taxonomy

Language gives machines a way to talk about the world. The world model is the means by which machines ultimately understand, imagine, reason, and interact with it.