Nakamoto Holdings Raises $710M, Merges With KindlyMD To Build Bitcoin Treasury Holding Company
David Bailey‘s newly formed Bitcoin (CRYPTO: BTC)-native holding company, Nakamoto Holdings Inc., on Monday announced a definitive merger with Nasdaq-listed healthcare firm KindlyMD (NASDAQ:KDLY).
What Happened: The combined entity will establish a public-market Bitcoin treasury vehicle following a $710 million capital raise, consisting of $510 million in PIPE financing and $200 million in convertible notes, marking the largest capital raise of its kind for a crypto-related public transaction to date.
Bailey, who also heads BTC Inc. and Bitcoin investment firm UTXO Management, will serve as CEO of the merged company.
The move formalizes Nakamoto’s strategy to bring Bitcoin into the structure of public equity and debt markets, positioning itself as a Bitcoin treasury-centric holding company operating within existing financial systems.
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