#CreatorPad David Bailey's Nakamoto has completed its merger with healthcare firm KindlyMD, creating a publicly traded Bitcoin treasury vehicle trading under ticker NAKA. The merged entity plans to accumulate 1 million Bitcoin from its current 21-coin position.
Bailey serves as CEO and chairman while leveraging his role as Trump's Bitcoin adviser. KindlyMD shares rose 13.4% on the merger news, adding to triple-digit gains since the May announcement.
The company secured $540 million from PIPE financing and expects to close a $200 million convertible note offering. At current prices, this could add over 4,500 Bitcoin to their balance sheet.
New board additions include Eric Weiss, who orange-pilled Michael Saylor, and Morgan Creek's Mark Yusco. The merger reflects growing corporate competition for Bitcoin's fixed 21 million coin supply alongside MicroStrategy's 628,946 Bitcoin holdings.
Bailey serves as CEO and chairman while leveraging his role as Trump's Bitcoin adviser. KindlyMD shares rose 13.4% on the merger news, adding to triple-digit gains since the May announcement.
The company secured $540 million from PIPE financing and expects to close a $200 million convertible note offering. At current prices, this could add over 4,500 Bitcoin to their balance sheet.
New board additions include Eric Weiss, who orange-pilled Michael Saylor, and Morgan Creek's Mark Yusco. The merger reflects growing corporate competition for Bitcoin's fixed 21 million coin supply alongside MicroStrategy's 628,946 Bitcoin holdings.