Latest news with #NakamotoHoldings
Yahoo
6 days ago
- Business
- Yahoo
David Bailey wants to 'smash buy' $1B Bitcoin tomorrow
David Bailey wants to 'smash buy' $1B Bitcoin tomorrow originally appeared on TheStreet. Bitcoin Magazine CEO David Bailey is preparing for what he calls a 'smash buy," a single-day Bitcoin purchase worth hundreds of millions of dollars Bailey, who co-founded Bitcoin Magazine's parent company BTC Inc. and heads Bitcoin treasury firm Nakamoto Holdings, said the purchase will take place tomorrow, August 12. While he initially described it as a $1 billion buy, he later clarified the figure was 'generous rounding,' with the real number closer to $760 million. He explained that no new funds have been raised in the past two months due to regulatory rules that halt fundraising after filing a definitive information statement, which also caps the total shares that can be execution Bailey confirmed it will be '$760 million on day one' with more purchases planned later. Instead of a straight market buy, the team will use a Volume Weighted Average Price (VWAP) strategy — breaking the large order into smaller trades spread over the day to minimize slippage and market disruption. A VWAP strategy blends buying activity with the market's existing volume, allowing the purchase to track the day's average price without triggering sharp price moves. Market Reaction Bailey's announcement drew a mix of excitement and caution. One X user, Durden's Bitcoin Ledger, commented: '$1B in a click… giga whale status unlocked.' Others warned that publicly revealing the trade in advance could invite front-running — traders positioning themselves to profit from the anticipated move. Bailey, a well-known Bitcoin advocate who has advised President Donald Trump on crypto policy, has long spoken about executing a major Bitcoin buy. At press time, Bitcoin was trading at $119,992.10, up nearly 3% in the past 24 hours, according to Kraken. David Bailey wants to 'smash buy' $1B Bitcoin tomorrow first appeared on TheStreet on Aug 11, 2025 This story was originally reported by TheStreet on Aug 11, 2025, where it first appeared. 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
Associated Press
05-08-2025
- Business
- Associated Press
Kindly MD Reports Financial Results for Second Quarter 2025
Proposed merger with Nakamoto Holdings expected to close on approximately August 11, 2025 During the quarter, Kindly MD made initial purchase of 21 BTC valued at $2.25 million as of June 30, 2025, with proceeds from warrants exercises Cash and cash equivalents was $6.02 million as of June 30, 2025 SALT LAKE CITY, UTAH / ACCESS Newswire / August 5, 2025 / Kindly MD, Inc. (NASDAQ:NAKA) ('KindlyMD'), a leading provider of integrated healthcare services, today announced its financial results for the second quarter ended June 30, 2025. Tim Pickett, Founder and CEO of KindlyMD, commented, 'During the quarter we received approximately $9.2 million in proceeds from warrants exercises, which allowed us to make an initial purchase of 21 BTC valued at $2.25 million as of June 30, 2025. Our entire team, along with David Bailey and the Nakamoto team, are eagerly looking forward to the closing of our merger, which will accelerate our mission to acquire one million Bitcoin.' Kindly MD and Nakamoto Operational Highlights On May 12, 2025, Kindly MD entered into a definitive Agreement and Plan of Merger (the 'Merger Agreement') with Nakamoto Holdings, Inc. ('Nakamoto') with plans post-closing to establish a Bitcoin treasury. To date, the Company has entered into subscription agreements totaling over $510 million in a private investment in public equity (the 'PIPE financing'), a Convertible Debt Purchase Agreement with an aggregate principal amount of $200 million in convertible notes, and $51.5 million in an additional PIPE financing, raising a total of approximately $761.5 million upon the Closing of the Merger. On May 18, 2025, holders of a majority of the outstanding common stock of KindlyMD delivered a written consent approving the Merger Agreement and related transactions with Nakamoto. Subsequent to the quarter, on July 22, 2025, KindlyMD and Nakamoto announced the filing of the definitive information statement in connection with the proposed Merger with the U.S. Securities and Exchange Commission ('SEC'). KindlyMD and Nakamoto expect to close the transaction on or around August 11, 2025, subject to other customary closing conditions. Kindly MD Financial Highlights for the Second Quarter Ending June 30, 2025 Kindly MD earned $231,726 in reimbursements from insurance payers during the three months ended June 30, 2025, representing a 153.1% increase compared to the $91,553 earned during the three months ended June 30, 2024. Revenues decreased by $230,530, or 36.1%, to $408,527 for the three months ended June 30, 2025, from $639,057 for the three months ended June 30, 2024. The decrease in revenues is primarily attributed to a decrease in cash-pay patient care service pricing and the closing of our Bountiful location. Net loss was $2,413,787 for the three months ended June 30, 2025, compared to a net loss of $1,319,653 for the three months ended June 30, 2024. Net cash used in investing activities was $2,521,108 for the second quarter ended June 30, 2025, which was the result of the purchase of digital assets of $2,289,585 and an increase in capitalized software additions of $231,523. Net cash provided by financing activities was $9,048,390 for the second quarter ended June 30, 2025, which was primarily due to $9,216,420 in proceeds from the exercise of warrants. As a result of these cash flow activities, net cash increased by $3,750,980, or 165.0%, from $2,273,624 as of December 31, 2024, to $6,024,604 as of June 30, 2025. About KindlyMD KindlyMD® is a patient-first healthcare company integrating traditional primary care, pain management, behavioral health, and alternative therapies to provide comprehensive, whole-person care. In May 2025, KindlyMD announced a definitive merger agreement with Nakamoto Holdings, a Bitcoin-native holding company, to establish a publicly traded Bitcoin treasury vehicle. This strategic partnership aims to combine KindlyMD's healthcare expertise with Nakamoto's vision of integrating Bitcoin into global capital markets, creating a diversified entity focused on both healthcare innovation and Bitcoin treasury management. 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 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 Forward-Looking Statements All statements, other than statements of historical fact, included in this release that address activities, events or developments that Kindly MD 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 Kindly MD 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 Kindly MD 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 Kindly MD may not approve the issuance of new shares of Kindly MD common stock in the Transactions or that shareholders of Kindly MD 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 Kindly MD's capital structure and governance could have adverse effects on the market value of its securities; the ability of Kindly MD and Nakamoto to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on Kindly MD and Nakamoto's operating results and business generally; the risk the Transactions could distract management from ongoing business operations or cause Kindly MD and/or Nakamoto to incur substantial costs; the risk that Kindly MD 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 Kindly MD's and Nakamoto's control, including those detailed in Kindly MD's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and such other documents of Kindly MD filed, or to be filed, with the SEC that are or will be available on Kindly MD's website at and on the website of the SEC at All forward-looking statements are based on assumptions that Kindly MD 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 Kindly MD 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. Media Contacts Valter Pinto, Managing Director KCSA Strategic Communications (212) 896-1254 [email protected] KINDLY MD, INC. CONDENSED BALANCE SHEETS KINDLY MD, INC. CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) KINDLY MD, INC. CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) SOURCE: KindlyMD, Inc press release
Yahoo
27-05-2025
- 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
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.
CNBC
12-05-2025
- Business
- CNBC
KindlyMD shares skyrocket 600% after merger with Trump crypto advisor David Bailey's bitcoin investment company
Shares of KindlyMD skyrocketed 600% Monday after the healthcare company announced a merger with Nakamoto Holdings, a bitcoin investment company founded by David Bailey, a key cryptocurrency advisor to President Donald Trump. The newly formed company has secured $200 million in convertible debt and $510 million in fresh capital through a private investment in public equity (PIPE) deal, offering shares at $1.12 each. The raise drew support from more than 200 investors, including Actai Ventures, Arrington Capital, BSQ Capital Partners, Kingsway, Van Eck, and Yorkville Advisors. This self-driving car technology stock could pop by more than 400%, say three analysts Looking for alternatives to Nvidia? Futurum CEO names 3 he's bullish on for 2024 Bernstein tech analyst's best idea for 2024 is to short Tesla Morgan Stanley picks 'alpha' opportunities in China tech - giving one 52% upside The roster of individual investors reads like a who's who of bitcoin — cryptographer Adam Back; Balaji Srinivasan, a former Coinbase executive; Jihan Wu, co-founder of Bitmain; and Ricardo Salinas, the Mexican billionaire who has become one of bitcoin's most vocal supporters. Shares of KindlyMD will continue to trade under the "KDLY" ticker. The combined company expects to be renamed and will get a new ticker symbol. Nakamoto, which will is led by Bailey as CEO, will focus on acquiring and holding bitcoin. Bitcoin investment firms raise large sums of money, often through a mix of equity and debt, to buy and hold bitcoin. Their stock becomes another way for investors to bet on the price of bitcoin.
