Latest news with #DavidBailey
Business of Fashion
2 days ago
- Entertainment
- Business of Fashion
David Bailey, Immortal
David Bailey wanted to play jazz, like his hero Chet Baker, but his trumpet was stolen when he was 19. He bought a Rolleiflex camera, by which happy accident he became a finger on the handful of photographers who have defined their age. And you don't have to guess which finger: the 'up yours' of his most iconic images nailed a time and place like no one has since. But an exhibition opening at Spain's MOP Foundation at the end of June aims to prove that Bailey's claim on posterity rests on more than his portraits from Sixties London. 'We had to talk him into including more fashion,' says his son, Fenton, a co-curator of the show. 'Everyone wants to see things that haven't been seen before.' Possibly to reflect that, the exhibition is titled 'David Bailey's Changing Fashion,' and its 200 images, whittled down from a possible 3000, offer a refresher on two key decades of a career whose breadth may come as a surprise, especially as it spotlights Bailey's witty, seductive colour work from the Seventies. Catherine Deneuve. (© David Bailey) Anjelica Huston and Manolo Blahnik. (© David Bailey) Marie Helvin. (© David Bailey) Fact is, most people still know Bailey for his close-cropped, monochrome portraits from the Sixties. They established him as the arch-chronicler of a cultural watershed, and they're about as iconic as a photographic image can get, so it's impossible to imagine a Bailey show of this scale without them. Appropriately, they're represented at MOP by the entirety of 1965's Box of Pin-Ups, 38 gravures which originally sold for £3. (You'll pay £20,000 now.) Described at the time as a 'popcracy,' the images have since 'transcended ephemerality to become austerely poignant and authentic documents,' according to art historian Martin Harrison. Here you find the classic images of Lennon and McCartney, Jagger, Hockney, Michael Caine, Bailey's model girlfriend Jean Shrimpton, Cecil Beaton and Rudolf Nureyev à deux, and, notoriously, Ronnie and Reggie Kray, the twins who dominated London's gangland with a sadistic, vice-like grip. Bailey called Ronnie 'the scariest person I ever met.' And Lord Snowdon, another of the pin-ups, was so horrified to be sharing space with the Krays, he saw to it that the book was never published in the United States. Mick Jagger, 1964. (© David Bailey) Jean Shrimpton, 1965. (© David Bailey) Reggie, Charlie and Ronnie Kray, 1965. (© David Bailey) It's not only the monochrome — or some of the subject matter — that cast a shadow over the pin-ups. Bailey grew up with the triple whammy of dyslexia, dyspraxia and a father whose constant flatulence was so toxic it left him with a lifelong loathing of farts. 'Language skills are not his strength,' says Bailey's wife Catherine. 'He's not very good at articulating what he wants. He speaks through images.' Later in life, if he wasn't taking photos, he was painting. And, since his diagnosis of vascular dementia in 2018, both have been a lifeline for him. When he photographed Marta Ortega Pérez, chairwoman of Zara owner Inditex and the founder of MOP, 'It was like a lightbulb being turned back on,' says Catherine. 'Taking pictures is who he is. He doesn't think about legacy, it's up to what the people who get left behind do. He refuses to acknowledge mortality. He doesn't plan on dying.' Now 87, he also doesn't believe there's anything wrong with him, according to his wife, even as the dementia has exacerbated his other traits. That means the MOP show has truly been a monumental labour of love for those closest to Bailey. 'He always jumped from one subject to another,' recalls Catherine. 'Schizophrenic's not the word, he's always got a camera and he's constantly photographing whoever he's with.' She knows this side of Bailey better than anyone. 'It's irritating when you're trying to get on with your daily life, but years later, in hindsight, the pictures you might have complained about…'. There are books of Bailey's photos of Catherine that finish that sentence for her. She never saw herself in those pictures. 'It's someone else's interpretation of you, a version.' No surprise that it's the personal photos that are her favourites. Same with Fenton, who points to a picture his father took of him when he was 4 or 5. He's a baby Lancelot, brandishing a sword in a field. Bailey never thought of himself as a fashion photographer. 'My photos weren't about fashion, they were about the woman,' he once said. 'I was interested in photographing the woman in the dress, not the dress on the woman. The only time I noticed a dress, it usually turned out to be Balenciaga or Saint Laurent. The rest were just frocks.' Bailey always preferred his portraiture, which lends some irony to the fact that it was actually fashion that made him, with a little help from Shrimpton. Their liaison is rivalled only by Meisel-Evangelista as the greatest photographer-model pairing in fashion history. Balenciaga, 1967. (© David Bailey) Bailey & Jean Jumping, 1971. (© David Bailey) He was a birdwatcher when he was a kid. He loved Bambi too (and nursed an enduring hatred of Hitler after a V-2 bomb blew up the movie theatre where he'd watched the movie. Who killed Bambi? Hitler did!). Women were 'birds' in the parlance of Sixties London. Shrimpton, with her gangly legs, was a proper Bambi bird. He didn't marry her. He married Catherine Deneuve instead, a month after meeting her through Roman Polanski. When the short-lived liaison ended, Bailey fell for the model Penelope Tree, who revitalised his love of image-making after his mid-Sixties slump, when Time magazine's 'Swinging' London cover was the scene's ultimate kiss of death. He didn't marry her either. He waited a few years before his next marriage to the Hawaiian beauty Marie Helvin. After that came Catherine Dyer who, to this day, is the definitive Mrs Bailey. He filled pages of Vogue with all these women, making fashion stars of them, but he also created intimate, occasionally visceral visual testaments to all of them as well. It's remarkable how undatable those pictures are. A sequinned Deneuve on the set of Les Demoiselles de Rochefort with her sister Françoise Dorleac in 1967? Tell me that's not yesterday, cigarette aside (everyone is smoking in Bailey's pictures). David Bailey and Catherine Deneuve, 1965. (Getty Images) It's not only photos by Bailey, it's also photos of Bailey that resonate. The image that Bert Stern captured of him photographing proto-supermodel Veruschka in 1965 surely shaped a key scene in Michelangelo Antonioni's Blow-Up two years later with Veruschka again and David Hemmings as superstar lensman Thomas. Their give-it-to-me-baby writhing birthed the cinematic coitus-by-camera cliché that climaxed with Austin Powers decades later. Producer Carlo Ponti originally wanted Bailey for the part of Thomas. Meta before such an idea even existed. David Bailey and Veruschka, 1965. (Getty Images) My own favourite is another image from '65. Bailey is showing a model how to pose. He's wearing a white singlet, tight slacks, Cuban heels, a right bit of trade with a touch of fashion fey. Picture that touching down in Vogue's refined universe. Bailey was in the vanguard of a working class invasion that erased conventional British stuffiness with a brazenly confident sense of self. When he showed up with Shrimpton in Diana Vreeland's office in New York, she proclaimed to all and sundry, 'England has arrived!' She immediately grasped that their mere appearance marked a significant shift in the fashion zeitgeist. Nearly twenty years ago, when I interviewed him for Fantastic Man magazine, Bailey was fabulous, piss and vinegar, spraying bon mots all over the studio. 'I'm not interested in photography, I'm interested in the relationship you can have with somebody,' he declared. 'Avedon said it's got nothing to do with sex, I think it's all about sex.' And, still later, 'Your photos are your friends and you're friendly with people because they have something you don't have.' Marie Helvin, 1979. (© David Bailey) That reminded me of something one of his best photographer friends Bruce Weber once said, about photographing what you wish you were. Bailey has been labelled 'a monstrous narcissist.' To me, it feels more like he was a perpetual outsider, trying to isolate what 'in-ness' was. Perhaps that was the fascination of portraiture for him, the pursuit of other people's truth as opposed to the superficiality of his fashion work. He very deliberately never photographed his hero Picasso because he was scared to disrupt the fantasy he'd created around the artist. Another dream subject that got away was Fidel Casto. Penelope Tree as Mickey Mouse, 1970. (© David Bailey) We talked about how awful the clothes were in those early fashion shoots with Shrimpton. 'If you can see the clothes, even the worst fashion picture is at least a document of a period,' he said then. Decades earlier, he'd told another interviewer, 'To leave a record is the most you can hope for in photography.' The documenting of social groups is clearly something Bailey has always excelled at. He loved identifying nature's species when he was a boy. As a precocious young adult, he followed Box of Pin-Ups with 1969's stunning Goodbye Baby and Amen, a sign-off to London's Swinging Sixties that stings now with the intrusion of brutal reality. By then, the Krays had been arrested and imprisoned for murder, and seven months after Bailey photographed her with Polanski, Sharon Tate was murdered by the Manson family. Those portraits have become a kind of memento mori because so many of the people in them are dead. Years ago, Bailey told me why, as far as he was concerned, they didn't live on in his pictures. 'They can't fuck, and if you're not fucking, you're not living.' A sentiment shared by his hero Picasso. Or, should I say, an un-sentiment, because there was no sentimentality in Bailey. David Bailey, Self Portrait. (© David Bailey) And yet he kept on making his extraordinary documents. In December 1965, Bailey shot the entire Christmas issue for Vogue. In June 1998, he created a 'Cool Britannia' portfolio, again for Vogue. He's currently working on a new 'Box of Pin-Ups,' these ones using Polaroid 55 film, with a solarised effect. Rod Stewart popped in for a pic. But Bailey may already have created his dernier cri when it comes to mapping the culture. Over the last three months of 2023, he shot a portfolio of 100 designers, models, artists, musicians and assorted faces for stylist Katie Grand's Perfect Magazine. After the death of her husband, Grand was in a nostalgic mood. 'I suppose I was feeling especially sentimental about imagery and preserving people's legacies and having huge respect for the process of photography.' She'd never worked with Bailey but one particular shoot of Marie Helvin in swimsuits and coloured stockings, Vogue Italia 1976, was a watershed for her. 'The stockings were cut-down tights in bright colours which looked great against the blue sky,' Grand remembers. 'I was surprised to hear he styled the shoot.' There are portraits in Perfect that could slot right in with those Sixties works of genius: the choreographer Wayne McGregor, the hairstylist Anthony Turner, the photographer David Sims and his son Ned. 'Bailey liked the idea of a new set of subjects,' says Grand. 'Some were people he suggested and had his own nostalgia about — Penelope, Marie, Jerry, Naomi, Kate — and then we brought quite a youthful cast. I think he wanted to retain some control over the cast, which was understandable given how many people we shot. And also, he needed to be inspired. The rules were no more than five people a day, and no agents or PA's on set.' Jerry Hall. (© David Bailey) David & Ned Sims. (© David Bailey) Malak Kabbani & Fenton Bailey. (© David Bailey) Thinking about that work, and all the faces in all the work that became before it, it occurred to me that there's been one unifying thread. Glaringly obvious, actually. As much as Bailey's pictures capture particular moments in time, they ultimately defy it, because they're not about time, they're about place. And that place is London. The love of his life. In that sense, Bailey stands for everything the city has always stood for in fashion: a renegade spirit that every so often manages to change the world. As long as there's London, there'll always be David Bailey.
Yahoo
4 days ago
- Business
- Yahoo
KindlyMD Acquires 21 Bitcoin Ahead of Merger with Nakamoto
KindlyMD (NAKA), an integrated healthcare services provider, has pulled the trigger on its bitcoin BTC treasury strategy. The acquired 21 bitcoin for roughly $2.3 million at an average cost of $109,027, according to a Tuesday press release. The purchase was funded by exercising some of the company's outstanding warrants. 'Our first 1/millionth of all bitcoin, on our way to owning 1,000,000 bitcoin,' David Bailey, founder and CEO of Nakamoto Holdings, posted on X. '1 Nakamoto = 1m Bitcoin,' he added. NAKA is higher by 3.9% on Tuesday. KindlyMD announced on May 12 that it had agreed to merge with Nakamoto Holdings in order to pursue a bitcoin accumulation strategy mirrored after Strategy's (MSTR) playbook. The combined entity secured $710 million in financing. KindlyMD and Nakamoto will also partner up with custody firm Anchorage Digital to provide exclusive custody and trading services to the company post-merger, KindlyMD announced on May 21. The merger is expected to close in the third quarter of 2025. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
4 days ago
- Business
- Business Wire
KindlyMD Makes Initial Purchase of 21 Bitcoin as Part of its Treasury Strategy
SALT LAKE CITY--(BUSINESS WIRE)--Kindly MD, Inc. (NASDAQ: NAKA) ('KindlyMD' or the 'Company'), a leading provider of integrated healthcare services, today announced that it has purchased 21 Bitcoin at a weighted average price of $109,027 per Bitcoin for approximately $2.3 million. The Company made this initial purchase of Bitcoin using a portion of the $8,748,370 gross proceeds received from the exercise of some of the Company's outstanding warrants, resulting in the issuance of 1,437,362 shares of common stock of the Company. The purchase aligns with the Company's vision to adopt a Bitcoin treasury strategy through its proposed merger with Nakamoto Holdings Inc. ('Nakamoto'), a Bitcoin-native holding company. 'KindlyMD chose 21 BTC, which is one millionth of the total supply of bitcoin, as a symbolic first step on our journey to be the leading Bitcoin treasury strategy,' said David Bailey, Founder and CEO of Nakamoto. 'There are many more milestones ahead and we can't wait to continue to execute our roadmap with KindlyMD.' 'There is excitement among our investors going into the 2025 Bitcoin Conference in Las Vegas and today's announcement reinforces our commitment to accumulate Bitcoin and drive long-term value for our shareholders,' said Tim Pickett, CEO of KindlyMD. 'This strategic purchase was possible after significant warrant redemption, which we believe reflects our investor's support of the merger and in our confidence of Bitcoin as a store of value. We look forward to working diligently towards the closing of our merger with Nakamoto to further accelerate our Bitcoin treasury strategy.' About Nakamoto Nakamoto is a Bitcoin treasury company building a global portfolio of Bitcoin-native companies. Nakamoto plans to establish the first publicly traded conglomerate of Bitcoin companies by accumulating Bitcoin in its treasury and by leveraging its treasury to acquire and develop an ecosystem of Bitcoin companies across finance, media, advisory and more. The company aims to provide commercial and financial infrastructure for the next generation of capital markets. For more information, please visit About KindlyMD KindlyMD is a patient-first healthcare and healthcare data company redefining value-based care and patient-centered medical services. KindlyMD leverages data analysis to deliver evidence-based, personalized solutions in order to reduce opioid use, improve health outcomes faster, and provide algorithmic guidance on the use of alternative medicine in healthcare. KindlyMD provides a patient-focused healthcare experience that integrates traditional medical evaluation and management with mental health integration and compliant alternative medicine education and inclusion. It focuses on creating personalized care plans for each individual that get people back to work and life faster, reduce opioid use, and yield high patient satisfaction. Its specialty outpatient clinical services are reimbursed by Medicare, Medicaid, and commercial insurance contracts as well as offered on a fee-for-service basis. For more information, please visit Forward-Looking Statements All statements, other than statements of historical fact, included in this release that address activities, events or developments that KindlyMD or Nakamoto expects, believes or anticipates will or may occur in the future are forward-looking statements. Words such as 'estimate,' 'project,' 'predict,' 'believe,' 'expect,' 'anticipate,' 'potential,' 'create,' 'intend,' 'could,' 'would,' 'may,' 'plan,' 'will,' 'guidance,' 'look,' 'goal,' 'future,' 'build,' 'focus,' 'continue,' 'strive,' 'allow' or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements include, but are not limited to, statements regarding the proposed merger and related transactions, (collectively, the 'Transactions') the expected closing of the proposed Transactions and the timing thereof and as adjusted descriptions of the post-transaction company and its operations, strategies and plans, integration, debt levels and leverage ratio, capital expenditures, cash flows and anticipated uses thereof, synergies, opportunities and anticipated future performance, including the management team and board of directors of the combined company and expected use of proceeds from the Transactions, and any post-closing transactions contemplated between the combined company and BTC Inc (and/or UTXO, LLC through BTC Inc). Information adjusted for the proposed Transactions should not be considered a forecast of future results. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this release. These include the risk that KindlyMD and Nakamoto businesses (which may include the businesses of BTC Inc and/or UTXO in the future, as applicable) will not be integrated successfully and the risk that KindlyMD or the applicable governing bodies of BTC Inc and/or UTXO may not pursue or approve the terms of an acquisition of BTC Inc and/or UTXO; the risk that cost savings, synergies and growth from the proposed transaction may not be fully realized or may take longer to realize than expected; the possibility that shareholders of KindlyMD may not approve the issuance of new shares of KindlyMD common stock in the Transactions or that shareholders of KindlyMD may not approve the Transactions; the risk that a condition to closing of the Transactions may not be satisfied, that either party may terminate the merger agreement, the subscription agreements of the convertible debt purchase agreement or that the closing of the Transactions might be delayed or not occur at all; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the Transactions; the parties do not receive regulatory approval of the Transactions; the occurrence of any other event, change, or other circumstances that could give rise to the termination of the merger agreement relating to the Transactions; the risk that changes in KindlyMD's capital structure and governance could have adverse effects on the market value of its securities; the ability of KindlyMD and Nakamoto to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on KindlyMD and Nakamoto's operating results and business generally; the risk the Transactions could distract management from ongoing business operations or cause KindlyMD and/or Nakamoto to incur substantial costs; the risk that KindlyMD may be unable to reduce expenses or access financing or liquidity; the impact of any related economic downturn; the risk of changes in governmental regulations or enforcement practices; and other important factors that could cause actual results to differ materially from those projected. All such factors are difficult to predict and are beyond KindlyMD's and Nakamoto's control, including those detailed in KindlyMD's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and such other documents of KindlyMD filed, or to be filed, with the SEC that are or will be available on KindlyMD's website at and on the website of the SEC at . All forward-looking statements are based on assumptions that KindlyMD and Nakamoto believe to be reasonable but that may not prove to be accurate. Any forward-looking statement speaks only as of the date on which such statement is made, and neither KindlyMD or Nakamoto undertakes any obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
Business Wire
23-05-2025
- Business
- Business Wire
KindlyMD ® Announces NASDAQ Ticker Symbol Change to ‘NAKA' Effective May 23, 2025
SALT LAKE CITY--(BUSINESS WIRE)--KindlyMD, Inc. (NASDAQ: NAKA) (NASDAQ: KDLY) ('KindlyMD' or the 'Company'), a leading provider of integrated healthcare services, today announced it has changed its ticker from 'KDLY' to 'NAKA' on the Nasdaq Stock Exchange. The ticker for the Company's tradable warrants has also been changed from 'KDLYW' to 'NAKAW'. The Company's common stock and warrants will begin trading under the new tickers beginning today, Friday, May 23, 2025. The change reflects the Company's new vision to adopt a Bitcoin treasury strategy through its proposed merger with Nakamoto Holdings Inc. ('Nakamoto'), a Bitcoin-native holding company. The ticker change also follows the recent approval of the merger agreement and related transactions by the Company's majority shareholders and the approval by the Utah Department of Commerce for the Company to do business under the name 'Nakamoto'. 'KindlyMD's new ticker symbol pays homage to Satoshi Nakamoto, the father of Bitcoin. Like prominent financial institutions of the past, we believe that the name 'Nakamoto' and its legacy will become renowned,' said David Bailey, Founder and CEO of Nakamoto. 'We are grateful that KindlyMD shares this vision and is excited to forge this next chapter with us.' Tim Pickett, CEO of KindlyMD, added, 'We are excited to unveil the ticker that will define our partnership with Nakamoto. This ticker change allows us to unite our patient-first healthcare mission with Nakamoto's deep expertise in Bitcoin, creating new opportunities for innovation, growth, and long-term value for our shareholders.' As of May 23, 2025, KindlyMD's securities trading, regulatory filings, and market-related information will be reported under the new symbols 'NAKA' and 'NAKAW'. No action is required by existing shareholders with respect to the ticker symbol change. About Nakamoto Nakamoto is a Bitcoin treasury company building a global portfolio of Bitcoin-native companies. Nakamoto plans to establish the first publicly traded conglomerate of Bitcoin companies by accumulating Bitcoin in its treasury and by leveraging its treasury to acquire and develop an ecosystem of Bitcoin companies across finance, media, advisory and more. The company aims to provide commercial and financial infrastructure for the next generation of capital markets. For more information, please visit About KindlyMD KindlyMD is a patient-first healthcare and healthcare data company redefining value-based care and patient-centered medical services. KindlyMD leverages data analysis to deliver evidence-based, personalized solutions in order to reduce opioid use, improve health outcomes faster, and provide algorithmic guidance on the use of alternative medicine in healthcare. KindlyMD provides a patient-focused healthcare experience that integrates traditional medical evaluation and management with mental health integration and compliant alternative medicine education and inclusion. It focuses on creating personalized care plans for each individual that get people back to work and life faster, reduce opioid use, and yield high patient satisfaction. Its specialty outpatient clinical services are reimbursed by Medicare, Medicaid, and commercial insurance contracts as well as offered on a fee-for-service basis. For more information, please visit Forward-Looking Statements All statements, other than statements of historical fact, included in this release that address activities, events or developments that KindlyMD or Nakamoto expects, believes or anticipates will or may occur in the future are forward-looking statements. Words such as 'estimate,' 'project,' 'predict,' 'believe,' 'expect,' 'anticipate,' 'potential,' 'create,' 'intend,' 'could,' 'would,' 'may,' 'plan,' 'will,' 'guidance,' 'look,' 'goal,' 'future,' 'build,' 'focus,' 'continue,' 'strive,' 'allow' or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements include, but are not limited to, statements regarding the proposed merger and related transactions, (collectively, the 'Transactions') the expected closing of the proposed Transactions and the timing thereof and as adjusted descriptions of the post-transaction company and its operations, strategies and plans, integration, debt levels and leverage ratio, capital expenditures, cash flows and anticipated uses thereof, synergies, opportunities and anticipated future performance, including the management team and board of directors of the combined company and expected use of proceeds from the Transactions, and any post-closing transactions contemplated between the combined company and BTC Inc (and/or UTXO, LLC through BTC Inc). Information adjusted for the proposed Transactions should not be considered a forecast of future results. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this release. These include the risk that KindlyMD and Nakamoto businesses (which may include the businesses of BTC Inc and/or UTXO in the future, as applicable) will not be integrated successfully and the risk that KindlyMD or the applicable governing bodies of BTC Inc and/or UTXO may not pursue or approve the terms of an acquisition of BTC Inc and/or UTXO; the risk that cost savings, synergies and growth from the proposed transaction may not be fully realized or may take longer to realize than expected; the possibility that shareholders of KindlyMD may not approve the issuance of new shares of KindlyMD common stock in the Transactions or that shareholders of KindlyMD may not approve the Transactions; the risk that a condition to closing of the Transactions may not be satisfied, that either party may terminate the merger agreement, the subscription agreements of the convertible debt purchase agreement or that the closing of the Transactions might be delayed or not occur at all; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the Transactions; the parties do not receive regulatory approval of the Transactions; the occurrence of any other event, change, or other circumstances that could give rise to the termination of the merger agreement relating to the Transactions; the risk that changes in KindlyMD's capital structure and governance could have adverse effects on the market value of its securities; the ability of KindlyMD and Nakamoto to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on KindlyMD and Nakamoto's operating results and business generally; the risk the Transactions could distract management from ongoing business operations or cause KindlyMD and/or Nakamoto to incur substantial costs; the risk that KindlyMD may be unable to reduce expenses or access financing or liquidity; the impact of any related economic downturn; the risk of changes in governmental regulations or enforcement practices; and other important factors that could cause actual results to differ materially from those projected. All such factors are difficult to predict and are beyond KindlyMD's and Nakamoto's control, including those detailed in KindlyMD's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and such other documents of KindlyMD filed, or to be filed, with the SEC that are or will be available on KindlyMD's website at and on the website of the SEC at All forward-looking statements are based on assumptions that KindlyMD and Nakamoto believe to be reasonable but that may not prove to be accurate. Any forward-looking statement speaks only as of the date on which such statement is made, and neither KindlyMD or Nakamoto undertakes any obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
Business Mayor
22-05-2025
- Business
- Business Mayor
KindlyMD, Nakamoto, and Anchorage Digital Form Strategic Bitcoin Treasury Alliance
Nakamoto Holdings Inc., KindlyMD, Inc., and Anchorage Digital today announced a strategic partnership that will see Anchorage become a trading partner for KindlyMD's Bitcoin treasury. The partnership will officially take effect upon the close of KindlyMD's merger with Nakamoto, expected in Q3 2025. Anchorage Digital, a U.S. federally chartered digital asset bank, will provide institutional-grade custody, 24/7 trading, and deep liquidity to support the Bitcoin strategy of the combined entity. 'In the not-so-distant-future, the omission of Bitcoin on a balance sheet will be more glaring than its inclusion,' said Nathan McCauley, CEO and Co-Founder of Anchorage Digital. 'Until then, companies like Nakamoto-KindlyMD are pioneering a new path forward—one in which Bitcoin is at the heart of corporate strategy.' The merger between KindlyMD and Nakamoto is backed by approximately $710 million in financing, including $510 million in PIPE funding—the largest ever PIPE for a public crypto-related deal. The goal is to establish a Bitcoin-native corporate treasury strategy that redefines how capital markets engage with digital assets. 'Our goal is to bring Bitcoin to the center of global capital markets within a compliant, transparent structure,' said David Bailey, Founder and CEO of Nakamoto Holdings Inc. 'We are excited to partner with Anchorage Digital to implement our vision with the highest levels of security and battle-tested infrastructure and enable us to deliver sustained value to shareholders.' This announcement follows a key milestone on May 18, when KindlyMD shareholders approved the proposed merger with Nakamoto. The transaction is now expected to close in Q3 2025, pending SEC review and information statement distribution. 'This milestone brings us one step closer to unlocking Bitcoin's potential for KindlyMD shareholders,' Bailey said yesterday. 'We are grateful that KindlyMD shares our vision for a future in which Bitcoin is a core part of the corporate balance sheet.' With its Bitcoin-first strategy and strategic alliances, the Nakamoto-KindlyMD partnership is set to accelerate institutional Bitcoin adoption—and with Anchorage Digital's infrastructure behind it, the foundation is now firmly in place. 'By collaborating with Anchorage Digital, we are implementing our Bitcoin treasury strategy with the utmost standards in safety and security for our shareholders,' stated Tim Pickett, CEO of KindlyMD. 'Their institutional-grade platform allows us to confidently hold Bitcoin as a treasury asset as we look to unlock access to Bitcoin and drive value for the long term.' Disclosure: Nakamoto is in partnership with Bitcoin Magazine's parent company BTC Inc to build the first global network of Bitcoin treasury companies, where BTC Inc provides certain marketing services to Nakamoto. More information on this can be found here . READ SOURCE
