Important Highlights
- KindlyMD merges with Nakamoto to create a Bitcoin-focused public company
- Backed by $540 million PIPE and $200 million convertible notes
- NAKA stock jumped 13.4%, reflecting investor confidence
KindlyMD Merges With Nakamoto to Kickstart a Bitcoin-First Journey
In a move that’s turning heads across both the crypto and healthcare industries, KindlyMD merges with Bitcoin-focused firm Nakamoto, creating a new kind of public company—one that blends real-world healthcare operations with big Bitcoin ambitions.
The newly combined company is keeping the KindlyMD name and will continue trading on the Nasdaq under the ticker NAKA. Meanwhile, Nakamoto, the brainchild of Trump’s crypto adviser David Bailey, becomes a fully owned subsidiary and will focus on a single mission: building one of the world’s largest Bitcoin treasuries.
Why KindlyMD Merges With Nakamoto—and Why It Matters
So, why does a healthcare company want to become a Bitcoin powerhouse?
Simple: it’s all about diversifying value and betting on the future of finance. David Bailey is stepping in as CEO and Chairman, while KindlyMD’s former CEO Tim Pickett shifts gears to become Chief Medical Officer, staying close to the company’s healthcare roots.
This merger doesn’t just bring together two businesses—it brings together two worldviews. One concentrated on helping people get better, while the other used Bitcoin to develop long-term financial stability. Together, they’re trying to prove that a company can do both.
Aiming for 1 Million Bitcoin, Starting With $540M
Right now, KindlyMD only has 21 Bitcoin on its books. That’s just the beginning. Thanks to a massive $540 million PIPE investment, the company plans to scale quickly—buying over 4,500 Bitcoin at today’s prices.
Even more capital is on the way. A $200 million convertible note deal is expected to close soon, adding more fuel to the fire.
With this kind of money behind it, KindlyMD could climb into the top 20 Bitcoin treasury holders globally, a position currently dominated by names like MicroStrategy and Metaplanet.
“We’re Going All-In on a Bitcoin Standard”
Bailey isn’t shy about the company’s long-term vision.
“Our goal is for the world’s capital markets to operate on a Bitcoin standard,” he said. “That path begins with this merger.”
They’re not alone in that thinking. Companies like MicroStrategy already hold over 628,946 BTC, while others like Semler Scientific and Metaplanet are aiming for six-figure totals.
Even financial giants like BlackRock and Fidelity are scooping up Bitcoin through ETFs. Thus, it’s safe to assume that KindlyMD is part of a significant change in how businesses handle money.
New Crypto-Focused Leaders Join the Board
To help guide this next chapter, KindlyMD has brought in some serious crypto experience:
- Eric Weis, the man who “orange-filled” Michael Sayler
- Mark Yusco, CEO of Morgan Creek Capital
- Greg Xethalis, general counsel at Multicoin Capital
- Perianne Boring, head of the Digital Chamber
Together, they’ll help steer KindlyMD as it builds out not just a healthcare brand—but a Bitcoin-first company ready for the future.
Markets React: NAKA Stock Pops 13.4%
Investors are clearly paying attention. According to Google Finance, shares of NAKA have surged since the merger announcement on May 12—most recently rising 13.4% to $15.02, bringing the company’s market capitalization to over $114 million.
This increase is consistent with the pattern of other businesses that purchase Bitcoin, which have also performed well as the cryptocurrency market recovers.
Final Thoughts: What Happens After KindlyMD Merges
Now that KindlyMD merges with Nakamoto, it’s clear the company isn’t just trying to keep up—it’s aiming to lead.
By combining the predictability of a healthcare business with the explosive potential of Bitcoin, KindlyMD is betting big on a future where corporate treasuries run on digital assets.
It’s a risk—but one they’re fully embracing, with the team, capital, and vision to back it up.
Whether you’re a crypto believer or a curious investor, this merger is one to watch.
