KindlyMD Inc. (KDLY) has announced its merger with Nakamoto Holdings, creating a publicly traded Bitcoin treasury vehicle. The newly formed entity has successfully raised $710 million, consisting of $510 million through a Private Investment in Public Equity (PIPE) at a share price of $1.12, alongside $200 million in convertible notes. This capital raise marks the largest for launching a Bitcoin treasury to date. David Bailey leads the combined firm, which aims to accumulate Bitcoin and enhance per-share BTC holdings. KindlyMD, known for its integrated healthcare services, will maintain its healthcare operations under CEO Tim Pickett while Nakamoto manages the treasury functions. Following shareholder and regulatory approvals, the company will adopt a new name and ticker symbol. Shares of KDLY surged by 650% in premarket trading, reflecting investor enthusiasm for the merger and its strategy.

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