Daniel Walker
David Bailey, CEO of Bitcoin Magazine and a vocal advocate of President Trump’s pro-Bitcoin pivot, is making headlines again—this time with the launch of a new Bitcoin-native public holding company through the merger of Nakamoto and KindlyMD.
Announced Monday, the merger is designed to kickstart a robust Bitcoin treasury strategy, blending healthcare operations with a high-octane financial engine aimed at boosting Bitcoin per share, or what Bailey calls “Bitcoin Yield.” Upon the transaction’s completion, Bailey will serve as CEO of the merged entity.
The transaction includes a groundbreaking $510 million private investment in public equity (PIPE) alongside $200 million in convertible notes, creating a combined $710 million war chest to fund Bitcoin accumulation efforts. According to the companies involved, this marks the largest capital raise ever for a Bitcoin treasury-focused public firm, and the biggest PIPE deal in crypto history.
Both financing rounds are expected to close concurrently with the merger, subject to customary approvals.
“Bitcoin Will Redefine Global Finance,” Says Bailey
Bailey described the initiative as a turning point where traditional finance and Bitcoin-native markets finally converge. “The tokenization of finance through Bitcoin will reshape the global economy. In the future, we see every corporate and government balance sheet holding Bitcoin, and Nakamoto aims to lead that transition,” he said.
He added, “History remembers names like Medici, Morgan, and Rothschild. We’re staking our claim on the name Nakamoto.”
Maintaining Healthcare, Expanding Bitcoin Reach
The merged company will continue operating KindlyMD’s healthcare services, while simultaneously executing Nakamoto’s vision of becoming a publicly traded Bitcoin financial conglomerate. This vision will be supported by the advisory and media reach of BTC Inc., the parent company of Bitcoin Magazine.
KindlyMD CEO Tim Pickett noted the strategic value of the partnership: “This merger lets us expand our healthcare mission while partnering with one of the strongest teams in Bitcoin finance. We’re unlocking a path to long-term value creation through this alliance.”
Governance, Listing, and Next Steps
Under the new structure, six board members will be appointed by Nakamoto, and one by KindlyMD, with full details to be disclosed before the deal closes. Until then, KindlyMD shares will continue trading on Nasdaq under the ticker KDLY. After the merger is finalized, a new company name and ticker symbol will be announced.
The deal still requires KindlyMD shareholder approval and remains subject to standard closing conditions.
A Growing Trend in Corporate Bitcoin Adoption
This announcement comes amid a surge in corporate Bitcoin treasury strategies. Over 70 companies have embraced Bitcoin on their balance sheets, with major names like Cantor Fitzgerald, SoftBank, Tether, and Bitfinex backing a $3.6 billion Bitcoin fund named Twenty One. Firms like Semler Scientific, Metaplanet, and KULR are also entering the space, following the model pioneered by Strategy (formerly MicroStrategy).
