Key Takeaways
- KindlyMD merges with Nakamoto Holdings to create the largest publicly traded Bitcoin treasury vehicle.
- Investors gain stock-based BTC exposure as crypto merges with traditional finance.
- Follows Strive Asset Management’s similar move, signaling rising demand for Bitcoin-backed stocks.
KindlyMD Inc. (KDLY), a healthcare services company, has announced a merger with Nakamoto Holdings, a Bitcoin-focused investment firm, to form the largest publicly traded Bitcoin treasury vehicle to date.
The company has secured $710 million in funding, making it the biggest capital raise ever for a Bitcoin treasury. The deal includes $510 million from private investors (PIPE) at 1.12 per share, along with $200 million in convertible notes.
Bitcoin treasury companies are gaining traction as more investors look for ways to hold Bitcoin through traditional stocks. The strategy, led by Nakamoto’s founder David Bailey, focuses on buying and holding Bitcoin while increasing its value per share through smart investments.
This isn’t the only deal of its kind. Last week, Strive Asset Management announced a similar merger with Asset Entities (ASST) to create another Bitcoin-focused public company. Experts say this trend is growing as crypto goes mainstream.
The merger turns KindlyMD, originally a healthcare provider, into a major player in the Bitcoin investment space. Shareholders will now have exposure to Bitcoin’s growth without directly buying the cryptocurrency.
The deal is expected to close soon, though exact dates and regulatory details are still pending. If successful, it could pave the way for more Bitcoin-backed public companies in the future.
With $710 million in funding, this merger is a big win for Bitcoin investors. As more companies follow this model, Bitcoin’s role in traditional finance keeps expanding.
