An under-the-radar stock has skyrocketed over 700% after the company merged with a Trump-linked Bitcoin firm to start a BTC treasury strategy.
In a press release, KindlyMD (KDLY), a provider of integrated healthcare services, says it’s entering into a definitive merger agreement with Nakamoto Holdings Inc, a firm that aims to establish a global network of Bitcoin treasury companies.
Nakamoto Holdings’ CEO, David Bailey, was a crypto advisor for President Donald Trump during the 2024 presidential campaign.
Says Bailey in the press release,
“Traditional finance and Bitcoin-native markets are converging. The securitization of Bitcoin will redraw the world’s economic map. We believe a future is coming where every balance sheet – public or private – holds Bitcoin. Nakamoto seeks to be the first publicly traded conglomerate designed to accelerate that…
Nakamoto is building the first publicly traded conglomerate designed to accelerate that future. The financial institutions who defined their chapter in history have all carried the names of their founders: Medici, Rothschild, Morgan, Goldman. Today, we stake that legacy on Nakamoto.”
Following the announcement of the merger, KDLY stock went parabolic, running from $3.83 to $31.41, a 719% gain. At time of writing, KDLY is trading at $15.49 after a substantial sell-off from the highs.
Tim Pickett, CEO of KindlyMD, said the merger represented a “strategic leap” for the company, allowing it to expand on its goals.
“Nakamoto brings in a team with deep expertise in Bitcoin strategy and unparalleled access to the leading experts in Bitcoin treasury management.”
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