Bitcoin Price Soars Above $120K As Nakamoto Prepares $760 Million BTC Buy Post-Merger

The price of Bitcoin has gone over $ 122,286 today while a huge new buyer approaches the market. All eyes are on Nakamoto Holdings Inc., the Bitcoin native holding ready to complete its awaited merger with the health care provider Gildlymd (Nasdaq: Naka). Once the merger is completed, Nakamoto will be authorized to start buying Bitcoin with over $ 760 million.

The companies confirmed on 22 July that they had submitted a definitive information declaration at the United States Securities and Exchange Commission, scoring the final step before closing. “The presentation of the final declaration of information is a fundamental milestone for this merger and accelerates our mission to acquire a million bitcoin,” said David Bailey, founder and CEO of Nakamoto. “I am very proud of the collaboration of the Teams in Nakamoto and Gildomd to get closer to us a step forward to close the merger.”