David Bailey’s Nakamoto Seals Game-Changing Merger with KindlyMD—Bitcoin Treasury Strategy Unleashed
Nakamoto just rewrote the corporate playbook—merging with KindlyMD to double down on Bitcoin treasury reserves. No half-measures, no fiat apologies.
Why it matters: When traditional finance clings to inflationary relics, forward-thinking firms stack sats. Bailey’s move proves BTC isn’t just an asset—it’s the balance sheet’s new backbone.
The cynical take: Wall Street’s still debating ‘digital gold’ while startups execute. Another case study for the MBA programs that’ll teach this in five years—after the fact.
Source: David Bailey
Michael Saylor’s Strategy already holds 628,946 Bitcoin and has signaled no plans to slow down, while Metaplanet and Semler Scientific have unveiled plans to accumulate 210,000 Bitcoin and 105,000 Bitcoin, respectively, by the end of 2027.
Bitcoin exchange-traded fund issuers like BlackRock and Fidelity are also amassing Bitcoin at scale, driving up even more demand for the asset.
21 BTC down, 999,979 to go
KindlyMD currently only holds 21 Bitcoin, though it plans to channel $540 million from its recent PIPE (placement in public equity) financing into building a more substantial Bitcoin treasury, it noted.
At current market prices, KindlyMD could add another 4,544 Bitcoin to its balance sheet, placing it in the top 20 Bitcoin treasury firms by total holdings, BitBo’s Bitcoin Treasuries dashboard shows.
Related: US Treasury’s Scott Bessent backpedals: Bitcoin buying still possible
KindlyMD also expects to close a previously announced $200 million convertible note offering on Saturday.
KindlyMD unveils new board leaders
KindlyMD announced several additions to its board, including Eric Weiss, the founder of Bitcoin Investment Group and a man known for orange-pilling Saylor, and Mark Yusco, the founder and CEO of Morgan Creek Capital Management.
General counsel and partner of Multcoin Capital, Greg Xethalis, and Digital Chamber chair Perianna Boring were among the others included.
NAKA shares soar
The 13.4% rally sent NAKA’s share price to $15.02 and lifted its market cap to $114.25 million, Google Finance data showed.
KindlyMD was up $2.85 since it announced the merger agreement on May 12, continuing the trend of strong price appreciation among Bitcoin-buying firms.
