KindlyMD Jumps on the Bitcoin Bandwagon: Shareholders Say “HODL”

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Breaking news in the world of corporate shenanigans: KindlyMD shareholders have given the green light to merge with Nakamoto Holdings, a Bitcoin holding firm. 🚀 This move is like when your grandma decides to start a TikTok account—unexpected but somehow fitting.

According to a May 20 announcement, both companies will file information statements with the Securities and Exchange Commission. The merger is expected to close 20 days after these disclosures, with completion targeted for the third quarter of 2025. 📅

Nakamoto Holdings, led by Donald Trump’s crypto adviser David Bailey, is a newly formed entity that aims to consolidate Bitcoin-native businesses under one umbrella. Think of it as a Bitcoin version of the Avengers, but with less spandex and more blockchain. 🦸‍♂️

The deal gives Nakamoto Holdings a Nasdaq-listed vehicle to pursue its goal of turning Bitcoin into a foundational asset across global capital markets. Bailey, the new CEO, has a grand vision: “Every balance sheet, public or private, will hold Bitcoin.” It’s like he’s trying to turn the world into a giant Bitcoin piggy bank. 🐷

The merged firm plans to scale its Bitcoin holdings per share, a concept Bailey calls “Bitcoin Yield,” through equity, debt, and hybrid offerings. KindlyMD will continue operating its clinics focused on opioid reduction and alternative therapies, but the new entity’s core focus will be financial, not medical. 🏥💰

“We are grateful that KindlyMD shares our vision for a future in which Bitcoin is a core part of the corporate balance sheet, and investors across global capital markets have exposure to the world’s greatest asset and store of value,” Bailey said in a statement. It’s like he’s trying to convince everyone that Bitcoin is the new gold, but with more memes. 🏛️✨

The companies first announced the proposed merger on May 12, along with a $710 million capital raise. Nakamoto secured $510 million through a private placement and $200 million via convertible notes, making it the largest PIPE in any public crypto-linked transaction to date. 🤑

News of the merger sent shares of KindlyMD (KDLY) soaring more than 650% in premarket trading when it was first announced. Shares closed May 20 at $15.22, up 9% on the day, and climbed another 4.8% in after-hours trading. KDLY is now up over 979% year-to-date. It’s like the stock is on a rollercoaster, but the only ride is up. 🚀📈

Bitcoin’s Growing Role as a Treasury Asset

With Bitcoin gaining traction as a corporate treasury asset, the KindlyMD–Nakamoto merger adds to a broader wave of public companies across the globe that have integrated Bitcoin into their financial strategies. It’s like Bitcoin is the new kid on the block, and everyone wants to be its best friend. 🤝

In the healthcare space, Basel Medical Group entered exclusive talks to buy up to $1 billion worth of Bitcoin earlier this month, while Semler Scientific has also joined the trend, holding 3,808 BTC as of May 21. It’s like they’re all trying to out-Bitcoin each other. 🏆

Meanwhile, in Latin America, Brazilian fintech Méliuz became the first publicly traded company in the region to adopt Bitcoin as a treasury asset, following shareholder approval earlier this month. Over in the Middle East, Al Abraaj Group kicked off its Bitcoin strategy with an initial 5 BTC purchase, with plans to acquire more. 🌍

Strategy—formerly MicroStrategy—was the first major public company to adopt Bitcoin as a primary treasury asset back in 2020, effectively popularizing the corporate Bitcoin playbook. Recently, the firm disclosed a fresh $765 million purchase, adding 7,390 BTC to its balance sheet. It’s like they’re on a Bitcoin buying spree, but with a corporate budget. 🛍️

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2025-05-21 11:41