A NEW BITCOIN GIANT IS BORN!
#Nakamoto and #KindlyMD merge and launch a Treasury Strategy of #BTC for over $500 million
In a strategic move that could create a new powerhouse in the world of crypto treasuries, the holding of #bitcoin Nakamoto has completed its merger with the health company KindlyMD. The new entity, which will operate under the name KindlyMD, has officially announced the start of an ambitious treasury strategy focused on the accumulation of Bitcoin.
The companies, which announced their intention to merge in May, are now looking to combine Nakamoto's vision for Bitcoin with the structure of a public health company, aiming to increase shareholder value through the accumulation of BTC.
Capital Raised: The new KindlyMD has already raised $540 million through a private placement of public equity (PIPE) and expects to close a $200 million convertible bond issuance in the coming days. The company had previously announced its intention to raise up to $763 million.
Visionary Leadership: The new CEO of the company is David Bailey, co-founder of BTC Inc., who has been a strong believer in Bitcoin for 13 years. Bailey stated that he has always believed that Bitcoin would become the most valuable asset in history.