KindlyMD and Nakamoto Holdings Merge to Launch Public Bitcoin Treasury with a 1 Million BTC Goal

KindlyMD and Nakamoto Holdings have merged to form a publicly traded Bitcoin treasury company. The combined entity will operate under the name KindlyMD, while Nakamoto becomes a subsidiary focused on Bitcoin financial services, led by David Bailey, who is also the CEO of Bitcoin Magazine.

Key strategic objectives:
+ The company aims to accumulate 1 million BTC, positioning itself as a Bitcoin-native alternative to traditional sovereign wealth strategies.
+ It has secured $710 million through a combination of PIPE and convertible notes, making it one of the largest crypto-related public capital raises to date.
+ Tim Pickett will continue to lead KindlyMD’s healthcare division, while David Bailey will drive the Bitcoin-focused strategy forward.
+ The transaction is expected to close in Q3 2025, pending regulatory approvals.

This merger represents a significant institutional shift—establishing Bitcoin as a core treasury asset within a regulated, publicly listed framework. The move could reshape how capital markets interface with digital assets at scale.