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Crypto Tycoon’s SPAC Play: David Bailey’s Nakamoto Holdings Skyrockets 650% After KindlyMD Merger
Crypto Tycoon’s SPAC Play: David Bailey’s Nakamoto Holdings Skyrockets 650% After KindlyMD Merger
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Wall Street’s latest SPAC circus sees Bitcoin maximalist David Bailey cashing in—Nakamoto Holdings’ reverse merger with Utah-based KindlyMD sends retail traders into a frenzy. Shares moon 650% on pure hopium, proving yet again that ’blockchain adjacency’ is the only growth metric that matters in 2025.
The deal: A cannabis-friendly healthcare provider meets a crypto holding company in what analysts are calling ’the most 2025 merger ever.’ Who needs fundamentals when you’ve got a Bitcoin OG’s name on the prospectus?
Bonus cynicism: Another day, another shell company getting a 10x bump by slapping ’digital assets’ in its SEC filing. The bulls are charging—just don’t ask where the revenue’s coming from.
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