Latest news with #NakamotoHoldings
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
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.
