Kindlymd Inc. (KDLY), an integrated provider of health services, agreed to merge with Nakamoto Holdings, a Bitcoin native detention company founded by David Bailey, to form a listed BTC cash vehicle, the company announced on Monday.
The combined entity has obtained a total of $ 710 million in funding, $ 510 million via PIP, at $ 1.12 per share and made up of ordinary shares and Kindlymd mandates, and $ 200 million in convertible tickets, which in fact increased capital increase to launch a Bitcoin treasure to date.
Nakamoto / Bailey’s strategy focuses on the accumulation of bitcoin and the growth of BTC assets through BTC share through tenders on actions, debts and structured offers, the press release said.
Bitcoin cash vehicles are becoming more and more popular while the crypto enters the dominant financial current. Strive Asset Management said last week that she merged with active asset entities at NASDAQ (ASST) to become a Bitcoin cash company listed in the balance sheet.
The Nakamoto pipe has attracted more than 200 global investors, including Vaneck, Parafi, Arrington Capital and Crypto like Adam Back and Balaji Srinivasan, said the company.
Kindlymd will continue its health operations under the CEO Tim Pickett, while the functions of the Bitcoin Treasury move under the direction of Nakamoto.
The merger is subject to the approval of shareholders and regulatory authorization, with a new name and a new Ticker to follow.
The KDLY shares soar in a pre-commercial action, in advance from 650% to $ 29 compared to the fence of $ 3.90 on Friday.
Find out more: Bitcoin to see an additional $ 330 billion in business cash flow by 2029: Bernstein
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