David Bailey's Nakamoto Holdings Going Public Via Merger With KindlyMD; Shares Soar 650%

KindlyMD Inc. (KDLY), an integrated healthcare services provider, has agreed to merge with Nakamoto Holdings, a bitcoin-native holding firm founded by David Bailey, to form a publicly traded BTC treasury vehicle, the company said in a press release Monday.The combined entity has secured a total of $710 million in financing, $510 million via PIPE, priced at $1.12 per share and consisting of common stock and warrants in KindlyMD, and $200 million in convertible notes, making it the largest capital raise to launch a bitcoin treasury to date source: https://www.coindesk.com/business/2025/05/12/david-bailey-s-nakamoto-holdings-going-public-via-merger-with-kindlymd-shares-soar-650