"Bitcoin Investment Firm 'Nakamoto' Raises $700 Million... Merges with US Listed Company"
Summary
- Nakamoto Holdings announced that it is merging with healthcare and data company KindlyMD and has raised $710 million.
- It explained that it plans to accelerate its Bitcoin reserve strategy and global adoption through building a Bitcoin treasury.
- David Bailey, CEO, emphasized that the intersection of traditional finance and Bitcoin is growing.
'Nakamoto Holdings' is merging with healthcare and data company KindlyMD (NASDAQ ticker KDLY). Nakamoto is a Bitcoin (BTC) investment firm founded by David Bailey, CEO of Bitcoin Magazine.
According to Business Wire on the 12th (local time), Nakamoto announced that it has signed a merger agreement with KindlyMD. It also reported that it has raised $710 million to build a Bitcoin treasury. Through this, it plans to accelerate its Bitcoin reserve strategy and global adoption.
David Bailey, CEO of Nakamoto, said, "The intersection of traditional finance and Bitcoin is growing," and "A future where all companies and governments hold Bitcoin is approaching." He added, "Nakamoto plans to position Bitcoin at the center of global capital markets."
Tim Pickett, CEO of KindlyMD, evaluated the merger as "a new way to create long-term shareholder value and an opportunity for strategic leap."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
