KindlyMD, a healthcare services company, has entered into a merger agreement with Nakamoto Holdings, a Bitcoin-focused holding company. The combined entity will adopt a Bitcoin treasury strategy.

Nakamoto was recently founded by David Bailey, a crypto adviser to US President Donald Trump. The company plans to create a network of firms holding Bitcoin reserves. Its broader aim is to support Bitcoin adoption through ventures in media, advisory, and financial services.

Bailey Heads Merged Company, Bitcoin Focus

“Traditional finance and Bitcoin-native markets are converging. The securitization of Bitcoin will redraw the world’s economic map,” said Bailey.

“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.”

Bailey will serve as CEO of the merged company. He also leads BTC Inc., the owner of Bitcoin Magazine and organizer of the Bitcoin Conferences. In addition, he is a general partner at UTXO Management, a Bitcoin investment firm. The management team is expected to include individuals with extensive experience in the Bitcoin industry.

You may find it interesting at FinanceMagnates.com: Bitcoin Reserve and Digital Asset Stockpile: President Trump Signs Executive Order.

Bitcoin Yield Strategy Backed by Global Investors

The combined company plans to accumulate Bitcoin and grow its Bitcoin holdings on a per-share basis, a strategy referred to as “Bitcoin Yield.” This will involve equity, debt, and other financial instruments. The structure aims to offer public investors regulated and transparent exposure to Bitcoin.

More than 200 investors from six continents participated in a private investment in public equity (PIPE) round. The transaction remains subject to regulatory approvals and customary closing conditions.

This article was written by Tareq Sikder at www.financemagnates.com.TrendingRead More

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