Bitcoin holding company Nakamoto, led by BTC Inc. co-founder David Bailey, announced the completion of its merger with KindlyMD, based in Utah, and the launch of a Bitcoin treasury strategy. The new company will operate under the name KindlyMD, with David Bailey serving as CEO. The statement shows that KindlyMD has raised $540 million through PIPE financing and plans to complete a $200 million convertible bond issuance tomorrow. (The Block)