Bitcoin Company Merges with Trump's Closest Ally in Crypto: Price Rises 7.5x! - Coin Bulletin

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The Bitcoin-focused holding company Nakamoto will launch a public bitcoin reserve strategy by merging with the health firm KindlyMD under the leadership of Bitcoin Magazine CEO David Bailey.

The newly merged company will aim to increase BTC accumulation and Bitcoin ownership per share, namely the "Bitcoin Yield." Various capital increases, borrowing, and other financial instruments will be used for this purpose. Bailey will be the CEO of the new company once the merger is completed. The agreement represents the largest capital increase to establish a publicly traded Bitcoin reserve company, including a total of $510 million in private investment and $200 million in convertible bonds.

David Bailey stated in his statement:

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"Traditional finance and bitcoin-based markets are merging. The securitization of bitcoin will redraw the economic map of the world. We believe that a future where any balance sheet – public or private – holds bitcoin is coming."

Nakamoto's aim is to accelerate Bitcoin reserve companies, enabling all types of financial structures to acquire BTC. The company's financial structure is expected to be a strong tool for growth in both BTC and the healthcare sector.

In the board of directors of the newly merged company, there will be six executives appointed by Nakamoto and one executive appointed by KindlyMD. Following the merger, KindlyMD will continue to trade on Nasdaq under the "KDLY" ticker symbol and will receive a new name and trading symbol after the merger. This agreement will be subject to approval by KindlyMD shareholders and will be completed in accordance with other standard closing conditions. KDLY shares rose by 650% in pre-market trading.