Nakamoto, a Bitcoin-focused company, has officially merged with healthcare firm KindlyMD. The newly formed company will operate under the name KindlyMD and be listed on Nasdaq.
Merger of Nakamoto and KindlyMD
Nakamoto, led by David Bailey, has merged with KindlyMD, which will now trade on Nasdaq under the ticker NAKA. Bailey serves as the CEO and Chairman of the merged company. KindlyMD's former CEO, Tim Pickett, now holds the position of Chief Medical Officer and will also serve as Director of the new entity. Six new board members have been added, including experts in Bitcoin and digital assets.
Plans for Bitcoin Accumulation
The merged company aims to build a large Bitcoin treasury, targeting 1 million BTC in the long term. Currently, KindlyMD holds just 21 Bitcoins but plans to use $540 million raised from recent financing to purchase more Bitcoin.
Future Goals of the Company
David Bailey emphasized that the firm will move toward a broader Bitcoin vision, and this merger sets the stage for the next chapter of growth. He expressed hope that the Bitcoin accumulation strategy would position the company among the top Bitcoin treasury holders globally.
The merger of Nakamoto and KindlyMD marks a significant step toward integrating healthcare services and digital assets, indicating the ambitious goals of the new company.
