Latest news with #Nakamoto
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.
Mid East Info
23-05-2025
- Business
- Mid East Info
Franck Muller Unveils Groundbreaking Collaboration with Solana: A Fusion of Swiss Craftsmanship and Blockchain Innovation
At Solana Accelerate, Erol Baliyan, CEO of Franck Muller Middle East, North Africa, and India, announced the brand's official partnership with Solana. The announcement marked the debut of the Franck Muller x Solana Watch Collection – a symbol of the vibrant and relentless Solana community. This limited-edition series celebrates the shared commitment to innovation, performance, and bold design that defines both brands. The watches are now available for purchase at franckmullerencrypto. com. Franck Muller, the legendary Swiss watchmaker renowned for its bold designs and technical mastery, has once again redefined the future of luxury timepieces with the launch of its newest creation – a limited-edition collaboration with Solana, one of the fastest and most innovative blockchains in the world. In 2019, Franck Muller made history with the launch of the Vanguard Encrypto – the world's first functional Bitcoin watch, a pioneering piece that bridged the gap between haute horology and digital finance. This was followed by the Nakamoto watch in 2022 and the Nakamoto Chronograph in 2023, paying tribute to Bitcoin's elusive creator. Today, Franck Muller is proud to announce a new chapter in its history of innovation – its partnership with Solana. To celebrate this shared spirit of innovation and excellence, Franck Muller and Solana have unveiled the Franck Muller x Solana limited edition timepiece. Limited to only 1,111 pieces, this exclusive collection pays homage to the validator nodes powering the Solana network. The Franck Muller x Solana timepiece goes beyond traditional watchmaking — it's a bold symbol of digital identity and true ownership. Encased in a 41mm frame treated with SPECTRACOAT® — a cutting-edge finish designed to reflect the iconic colors of the Solana ecosystem — the watch combines standout aesthetics with lasting durability. Crafted from an advanced metal and oxide composite, it delivers exceptional performance and comfort. The Solana logo is placed at the center of the dial, representing innovation and community. Positioned at 12 o'clock, a dynamic QR code links the watch to a unique digital experience, securely connected to the owner's Solana wallet. Paired with a soft rubber strap in white, purple, or turquoise, this timepiece is a fusion of cutting-edge technology and precise craftsmanship. 'We are very proud of this project,' said Erol Baliyan, CEO of Franck Muller in the Middle East, Africa, and India. 'This collaboration is just the beginning —we are exploring new and exciting projects that will take place on the Solana blockchain. We're excited about what's coming next.' The unveiling of the Franck Muller x Solana timepiece marks a defining moment in the evolution of luxury and technology. By uniting the heritage of Swiss watchmaking with the speed and innovation of the Solana blockchain, this collaboration opens the door to a new era of digital craftsmanship.
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.
Gulf Insider
22-05-2025
- Business
- Gulf Insider
Abraaj Restaurants Becomes First Bitcoin Treasury Company
Today it was announced that Al Abraaj Restaurants Group B.S.C. has become the first publicly traded company in the region to adopt Bitcoin as a treasury reserve asset. The Bahrain-based hospitality firm announced today it has acquired 5 Bitcoin for its balance sheet, with plans to significantly increase its allocation over time. JUST IN: 🇧🇭 Al Abraaj Restaurants Group becomes first publicly traded company in middle east to purchase #Bitcoin as a treasury reserve asset 💥 — Bitcoin Magazine (@BitcoinMagazine) May 19, 2025 'Our initiative towards becoming a Bitcoin Treasury Company reflects our forward-thinking approach and dedication to maximizing shareholder value,' said Abdulla Isa, Chairman of the Bitcoin Treasury Committee at Al Abraaj. 'We believe that Bitcoin will play a pivotal role in the future of finance, and we are excited to be at the forefront of this transformation in the Kingdom of Bahrain. 10X is a proven leader in advising and bringing capital to listed Bitcoin Treasury Companies, and we welcome their partnership in helping us build the MicroStrategy of the Middle East.' The decision makes Abraaj not only the first in Bahrain, but also in the GCC and wider Middle East, to publicly hold Bitcoin on its balance sheet. The investment is a direct response to growing institutional interest in Bitcoin and comes amid what appears to be a regional shift toward digital assets. Abraaj's strategic partner in the transition is 10X Capital, a New York-based investment firm with a strong track record in digital asset treasury management. 10X previously advised companies like Nakamoto on its $710 million Bitcoin-focused financing round. 'I'd like to congratulate Abdalla Isa and the team at Al Abraaj for adopting Bitcoin at the corporate treasury level, finally enabling anyone in the GCC with a brokerage account to gain Bitcoin exposure,' said Hans Thomas, CEO of 10X Capital. 'Bahrain continues to be a leader in the Middle East in Bitcoin adoption, backed by a forward-thinking regulatory framework.' Thomas added, 'The GCC, with a combined GDP of $2.2 trillion and over $6 trillion in sovereign wealth funds, has until now lacked a publicly listed Bitcoin treasury company like Strategy, Tesla, or Metaplanet. That changes today with ABRAAJ's historic Bitcoin purchase.' Abraaj said it will continue to work under the regulatory oversight of the Central Bank of Bahrain (CBB) and has pledged full compliance with all digital asset transaction laws. The company will adopt robust custody, risk management, and governance protocols for its Bitcoin holdings. 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 . Also read: Bitcoin Jumps To New All-Time High, Surpassing Prior Record In January
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
