KindlyMD shareholders have given the thumbs up for a merger with Bitcoin holding firm Nakamoto Holdings, setting the stage for the birth of a publicly traded Bitcoin-focused conglomerate. The U.S.-based healthcare services provider made the announcement on May 20, stating that both companies will file information statements with the Securities and Exchange Commission. The merger is anticipated to be finalized 20 days after these disclosures reach shareholders, with the completion set for the third quarter of 2025.
Nakamoto Holdings, spearheaded by Donald Trump’s crypto adviser David Bailey, is a freshly established entity aiming to bring together Bitcoin-native businesses under one roof. With this deal, Nakamoto Holdings gains access to a Nasdaq-listed platform to pursue its mission of making Bitcoin a fundamental asset in global capital markets. The merged corporation plans to increase its Bitcoin holdings per share, a strategy referred to by Bailey as “Bitcoin Yield,” utilizing equity, debt, and hybrid offerings.
Despite KindlyMD maintaining its clinics focused on reducing opioid use and offering alternative therapies, the primary focus of the new entity will shift towards financial matters rather than medical services. Bailey expressed gratitude for KindlyMD’s alignment with their vision of a future where Bitcoin plays a central role in corporate balance sheets, providing investors worldwide with exposure to the leading asset and store of value. The proposed merger was initially unveiled on May 12, outlining intentions to establish a network of Bitcoin-native companies while leveraging the combined balance sheet to amass BTC.
The news of the merger caused KindlyMD (KDLY) shares to skyrocket over 650% in premarket trading upon its announcement. By the end of May 20, shares had reached $15.22, marking a 9% increase for the day, followed by a further 4.8% surge in after-hours trading. KDLY has seen a remarkable year-to-date rise of over 979%. As Bitcoin gains momentum as a treasury asset for corporations, the KindlyMD-Nakamoto merger contributes to a broader trend of public companies worldwide integrating Bitcoin into their financial strategies.
In the healthcare sector, Basel Medical Group engaged in exclusive discussions to acquire up to $1 billion in Bitcoin earlier this month, while Semler Scientific also embraced the trend by steadily accumulating a substantial Bitcoin reserve, holding 3,808 BTC as of May 21. Across Latin America, Brazilian fintech Méliuz became the first publicly traded company in the region to adopt Bitcoin as a treasury asset following shareholder approval earlier this month. In the Middle East, Al Abraaj Group initiated its Bitcoin strategy with an initial purchase of 5 BTC, with plans to expand its holdings.
Strategy, previously known as MicroStrategy, was the first significant public company to adopt Bitcoin as a primary treasury asset in 2020, effectively popularizing the corporate Bitcoin playbook. The firm recently disclosed a fresh $765 million purchase, adding 7,390 BTC to its balance sheet.
