Latest news with #KDLY
Yahoo
21-05-2025
- Business
- Yahoo
Surprising stock jumps over 30% after SEC confirms merger
Shares of KindlyMD, Inc. (Nasdaq: KDLY) soared over 30% on May 21 after the healthcare firm confirmed via an SEC filing that its shareholders have approved a high-profile merger with Bitcoin company Nakamoto Holdings. The post-market filing sent KDLY from $15.22 to $19.83 in a day, continuing an astonishing rally with shares up over 1,127% year-to-date. Bitcoin-native businesses hold Bitcoin as part of their treasury strategy. The parties disclosed the deal on May 12. They anticipated closing within the third quarter of 2025 after a 20-day notice period when both companies file their informational statement with the SEC. This merger represents a sea change for Kindly MD, which is historically a healthcare provider and is now a Bitcoin investment vehicle. Nakamoto Holdings was founded by Bitcoin Magazine CEO David Bailey, who advised Donald Trump on crypto policy during the 2024 presidential campaign. Per the statement, the combined company will use equity, debt, and other instruments to finance its Bitcoin-related growth. This deal underscores how traditional companies are pursuing crypto-like exposure, particularly in Bitcoin, which many believe is a long-term store of value. KDLY's explosive rise has also motivated other healthcare companies to integrate Bitcoin as part of their treasury strategy. On May 16, Basel Medical, a Singapore-based healthcare organization, announced plans for a $1 billion Bitcoin deal to provide liquidity to its balance sheet. As per Kraken, Bitcoin was trading at $107,215 at press time, only 2% short of its record high.
Yahoo
13-05-2025
- Business
- Yahoo
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. Nakamoto's/Bailey's strategy centers on accumulating bitcoin and growing per-share BTC holdings through equity, debt, and structured offerings, the release said. Bitcoin treasury vehicles are becoming increasingly popular as crypto enters the financial mainstream. Strive Asset Management said last week that it was merging with NASDAQ-listed Asset Entities (ASST) to become a publicly traded bitcoin treasury company. The Nakamoto PIPE attracted over 200 global investors, including VanEck, ParaFi, Arrington Capital, and crypto figures like Adam Back and Balaji Srinivasan, the company said. KindlyMD will continue its healthcare operations under CEO Tim Pickett, while bitcoin treasury functions shift under Nakamoto's leadership. The merger is subject to shareholder approval and regulatory clearance, with a new name and ticker to follow. KDLY shares are soaring in premarket action, ahead 650% to $29 versus Friday's close of $ Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
