Kindlymd, Inc. (Nasdaq: Kdly), a provider of health services based in Utah, has entered into a merger agreement with Nakamoto Holdings Inc., a Bitcoin native holding. The transaction, announced on May 12, 2025, includes $ 710 million in funding through a combination of private positioning and convertible notes.
The merger will create a company listed in the stock exchange focused on the creation of a strategy of the Bitcoin treasure, with $ 510 million collected through private positioning in Public Equity (pipe) at $ 1.12 per share and $ 200 million in senior safe notes that mature in 2028.
David Bailey, founder of BTC Inc. and Nakamoto Holdings, will act as CEO of the combined entity. TIM Pipett will continue to manage Gildom’s health care operations, which include four clinics in Utah who provide integrated medical services, pain management and mental health assistance.
David Bailey, founder and CEO of Nakamoto, said: “Nakamoto’s vision is to bring Bitcoin to the center of the global capital markets, packaging it in fairness, debt, privileged actions and new hybrid structures that each investor can understand and possess. Our mission is simple: lists these tools on all the main assessments of the world.”
He continued: “Nakamoto is building the first conglomerate exchanged on the stock exchange designed to accelerate that future. The financial institutions that have defined their chapter in history have brought all the names of their founders: Medici, Rothschild, Morgan, Goldman. Today, we are going to that adequacy on Nakamoto.”
The Pipe Financing Attracted Over 200 Investors Globally, Including Institutional Investors Such As Actai Ventures, Arrington Capital, BSQ Capital Partners, Kingsway, Off The Chain Capital, Paraphs, Rk Capital, Van Eck, And YorkVille Advisors, Alongside Individing Adam Back, Balaji Srinivasan, Danny Yang, Eric Semer (CEO of Semer Scientific), Jihan Wu, Ricardo Salinas, and Simon Gerovich (Metaplanet CEO). Ya II PN, Ltd., an investment fund managed by YorkVille Advisors, was the only convertible note buyer.
Based on the agreement, Gildlymd’s actions will continue to negotiate on Nasdaq with the “Kdly” symbol until a new ticker symbol is announced. The board of directors of the combined company will be made up of six directors appointed by Nakamoto and one by Gildom.
The transaction includes the hiring of the agreement on Nakamoto marketing services with BTC Inc., which will provide marketing services relating to Bitcoin Treasury operations. Gildlymd’s clinical operations will maintain their current attention to the reduction of opiate use through integrated health services.
The merger requires the approval of Gilitmd’s shareholders and is subject to customary closing conditions. Further details on the transaction will be available in a current ratio on the 8-K module to be deposited at the century.
BTC Inc, the mother club of Bitcoin magazine, is affiliated to Nakamoto through common property. BTC inces also has a contractual relationship with Nakamoto to provide marketing services.