Nakamoto & KindlyMD Shock Markets with Bitcoin Treasury Mega-Merger

Two crypto heavyweights just rewrote the playbook—Nakamoto and KindlyMD are merging forces to create a Bitcoin treasury behemoth. Wall Street analysts are scrambling to update their ‘blockchain disruption’ PowerPoint decks.

Why this matters: The new entity could hold more BTC than some nation-states—if they can avoid the usual ‘strategic synergy’ dumpster fire. Remember: corporate mergers have a 70% failure rate… but hey, ‘this time it’s different’ (said every doomed deal since 2008).

The cynical take: Another ‘game-changing’ crypto alliance that’ll either moon or crater shareholder value—place your bets. At least the press release had decent graphic design.

TLDR

• Nakamoto and KindlyMD merge to create a Bitcoin treasury, targeting 1 million BTC.

• KindlyMD raised $540 million through PIPE financing to fund Bitcoin treasury strategy.

• David Bailey becomes CEO of the merged entity, focusing on Bitcoin yield.

• KindlyMD shares surged 13.4% following the merger announcement.

Nakamoto, a Bitcoin-focused holding company, has officially merged with Utah-based KindlyMD to form a new entity with a primary goal of establishing a Bitcoin treasury strategy. The companies announced the closure of the merger on Thursday. The newly formed company will continue under the KindlyMD name and operate as a publicly traded firm under the ticker NAKA on the Nasdaq.

The merger as a result aligns with the companies’ shared vision of acquiring bitcoin and building a substantial Bitcoin treasury. David Bailey, co-founder of BTC Inc. and known Bitcoin advocate, will assume the role of CEO for the combined entity. His leadership is expected to drive the company’s Bitcoin accumulation strategy and ensure the growth of its Bitcoin holdings on a per-share basis.

Mission to Accumulate 1 Million Bitcoin

KindlyMD’s new mission is to accumulate 1 million Bitcoin (BTC), an ambitious target that WOULD require significant capital and strategic management. Currently, KindlyMD holds just 21 BTC but has already raised substantial funds to grow its Bitcoin reserves.

The company secured $540 million through a private placement in public equity (PIPE), which will be directed toward building the Bitcoin treasury.

In addition, KindlyMD expects to complete a $200 million convertible note offering soon. These efforts are part of the company’s broader strategy to establish itself as a leading Bitcoin treasury entity. This strategy follows a playbook made famous by Michael Saylor, the CEO of MicroStrategy, who has acquired a large portion of Bitcoin for his company’s treasury.

Growing Demand for Bitcoin Treasury Companies

The trend of companies building large Bitcoin treasuries is growing. Firms like Metaplanet and Semler Scientific have announced their plans to accumulate significant amounts of Bitcoin.

The strategy of accumulating Bitcoin to strengthen corporate balance sheets and build long-term value has gained traction, especially as Bitcoin’s institutional demand continues to rise.

Bitcoin recently surpassed its previous all-time high, briefly trading above $124,000. The price increase has been attributed to both institutional demand and expectations of interest rate cuts. This environment is seen as favorable for Bitcoin accumulation by companies looking to hedge against inflation and enhance their financial positions.

Strong Market Reaction and Future Outlook

Following the announcement of the merger, KindlyMD shares surged by 13.4%, reflecting investor confidence in the new direction of the company.

The rally added to the significant increase in KindlyMD’s stock price since the merger was first announced in May 2025. The company’s market capitalization now stands at $114.25 million, a notable rise from its previous value.

Subsequently, David Bailey’s vision for the company is clear: to establish a Bitcoin standard in global capital markets. He believes Bitcoin’s role in the financial system will continue to grow, making it a valuable asset for both corporate and government adoption. Bailey’s leadership and the merger’s ambitious goals suggest that KindlyMD, now led by Nakamoto, is positioning itself to play a pivotal role in the future of Bitcoin investment.