Kind lymd shareholders have approved a merger with Bitcoin Holding Firm Nakamoto Holdings, where the road is released for creating a B Doorseit broken Bitcoin-oriented conglomerate.
According to a May 20th announcement Of the healthcare provider established in the US, both companies will now submit information statements to the Securities and Exchange Commission.
The merger is expected to close 20 days after these disclosures have been shared with shareholders. Completion is aimed at the third quarter of 2025.
Nakamoto Holdings, led by Donald Trump’s crypto advisor David Bailey, is a newly formed entity that wants to consolidate Bitcoin-Native companies under one umbrella.
The deal gives Nakamoto Holdings a vehicle with a Nasdaq listed to pursue its goal to turn Bitcoin into a fundamental assets on global capital markets.
The merged company plans to scale Bitcoin interests per share, a concept to which Bailey calls “Bitcoin yield”, through shares, debts and hybrid offers.
Although Kindlymd will continue to exploit his clinics aimed at opioid reduction and alternative therapies, the core focus of the new entity will be financially, not medical.
“We are grateful that KindlymD shares our vision for a future in which Bitcoin is a core unit of the business balance, and investors on global capital markets are exposure to the world’s largest active and value storage,” Bailey said in a corresponding explanation.
For the first time, the companies announced the proposed merger on 12 May. At the time, they described plans to launch a network of Bitcoin-Native companies while using the combined balance to collect BTC.
Details of the merger were announced in addition to a capital increase of $ 710 million, where Nakamoto received $ 510 million through a private placement and $ 200 million through convertible banknotes, which according to Nakamoto was the largest pipe in every public crypto-linked transaction to date.
Bailey, who becomes CEO of the merged entity, compared his vision to building a modern counterpart of the Rothschilds of Morgans, except with Bitcoin as a reserve walking.
“Every balance, public or private, will hold Bitcoin,” he said at the time.
News about the merger sent shares of Kindlymd (KDLY) that rise more than 650% in premarket trading when it was announced for the first time. Shares closed on May 20 at $ 15.22, an increase of 9% in the day, and climbed another 4.8% on the market after hours. KDLY is now more than 979% years to date.
The growing role of Bitcoin as a treasury activa
With Bitcoin who gets a grip as an assets of the Bedrijfschat, the child lemmd -Nakamoto -fusion contributes to a wider wave of public companies around the world that Bitcoin integrated into their financial strategies.
In health care space, Basel Medical Group introduced exclusive conversations to buy up to $ 1 billion in Bitcoin earlier this month, while Semler Scientific also became a member of the trend and consistently built a substantial Bitcoin stock, with 3,808 BTC from 21 May.
In the meantime, Brazilian fintech Méliuz in Latin -America became the first listed company in the region that Bitcoin accepted as a Treasury activum, after approval of the shareholders earlier this month.
In the middle east Al Abraaj Group started his Bitcoin strategy with a first purchase of 5 BTC, while identifying plans to acquire more.
Strategy – Formerly MicroStrategy – was the first major public company that Bitcoin took over in 2020 as a primary treasury activa, making the company bitcoin playbook effectively popular.
The company recently announced a new purchase of $ 765 million, with 7,390 BTC at the balance sheet.
