KindlyMD shareholders OK merger with Trump-linked Bitcoin firm
Shareholders of KindlyMD, Inc. approved a merger with Nakamoto Holdings, a Bitcoin-focused company founded by David Bailey. The merger will be finalized 20 days after both companies file information statements with the SEC, expected in the third quarter of 2025. Following the announcement, KindlyMD shares (KDLY) rose 9% to $15.22 and increased another 4.8% after hours, marking a 979% gain for the year. The merged entity plans to develop Bitcoin-native companies and increase its Bitcoin treasury. Public companies are increasingly adding Bitcoin to their balance sheets, surpassing retail investors. Strive intends to purchase 75,000 BTC linked to Mt. Gox, while Strategy acquired 7,390 BTC for $765 million amid a class-action lawsuit regarding its Bitcoin investments. Tether purchased nearly $459 million in Bitcoin for Twenty One Capital, which is awaiting a SPAC merger.
