KindlyMD shareholders OK merger with Trump-linked Bitcoin firm
Shareholders of KindlyMD, Inc., a healthcare services provider, have approved a merger with Nakamoto Holdings, a Bitcoin holding company founded by David Bailey, a crypto adviser to former President Donald Trump. Following the approval, KindlyMD shares rose 5% and were up over 979% year-to-date. The merger will allow both companies to file statements with the Securities and Exchange Commission, with finalization anticipated in the third quarter of 2025. Nakamoto Holdings aims to establish a network of Bitcoin-related enterprises using various funding methods, including equity and debt, and plans to accumulate Bitcoin as part of its strategy. The trend of public companies increasing their Bitcoin holdings continues, with other firms also pursuing similar initiatives. This merger highlights the intersection of healthcare and cryptocurrency in a rapidly evolving financial landscape.
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