Bitcoin holding company Nakamoto and Utah-based KindlyMD officially closed their merger to start a Bitcoin treasury strategy, according to a statement published Thursday.
In May, the companies said they aimed to both accumulate Bitcoin and grow the Bitcoin owned on a per-share basis, or “Bitcoin Yield,” through a variety of equity, debt, and other offerings. The company will operate as KindlyMD.
“Since I started my journey in Bitcoin 13 years ago, I’ve always believed Bitcoin would become the most valuable asset in human history,” BTC Inc. co-founder David Bailey said in a statement. Bailey will act as the new company’s CEO.
KindlyMD has raised $540 million from a private placement in public equity, or PIPE. The company expects to conclude a $200 million convertible note offering tomorrow, according to the statement. In June, the merging companies said they planned to raise $763 million, pending merger approval.
A handful of companies have now established BTC-only corporate treasuries—a trend analysts say underscores growing structural demand and strengthens Bitcoin’s long-term outlook. KindlyMD is using the debt-and-equity capital-raising playbook popularized by Michael Saylor’s Strategy and adopted by firms including Metaplanet and Semler Scientific.
Bitcoin beat its previous all-time high on Wednesday after briefly trading above $124,000. Institutional demand and an expected interest rate cut in September are believed to be bolstering the cryptocurrency’s price.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
