According to PANews, KindlyMD shareholders approved a merger with Bitcoin holding company Nakamoto Holdings. Nakamoto was founded by Trump cryptocurrency advisor David Bailey and focuses on the Bitcoin ecosystem enterprise network.
The merger is expected to be completed 20 days after both parties submit an SEC information statement, and final delivery is scheduled for the third quarter of 2025. KindlyMD's stock price rose 9% to $15.22 on May 20, and rose another 4.8% after the market, with a cumulative increase of 979% this year.
The new entity will develop Bitcoin-native businesses through equity, debt and other means, and include Bitcoin in its balance sheet. Previously, David Bailey and his company Nakamoto raised $710 million to merge with KindlyMD.