PANews reported on May 12 that Nakamoto Holdings, a Bitcoin-native holding company founded by David Bailey, announced a merger with medical data company KindlyMD (NASDAQ: KDLY) to form a publicly traded Bitcoin treasury company and has completed a $710 million financing, including a $510 million PIPE and $200 million convertible bonds. This deal marks the largest Bitcoin treasury startup financing to date.
Driven by news, KDLY's pre-market stock price surged 650%, rising from $3.90 to $29.
