Nakamoto, KindlyMD in Reverse Merger; Raises $710M for Bitcoin Treasury, KDLY Up 450%, $BTC and $ABTC Tickers Announced

David Bailey, an advisor to President Trump, has announced the merger of his bitcoin-native holding company Nakamoto with KindlyMD (NASDAQ: KDLY) to establish a public market Bitcoin treasury company.

The new entity, Nakamoto, has raised over $700 million, including a $510 million private investment in public equity (PIPE) and $200 million in convertible notes, reportedly the largest crypto PIPE to date. Bailey will serve as CEO of the merged company, which will use the $BTC ticker and operate under Nakamoto_HQ.

KindlyMD's stock (KDLY) rose 450% in premarket trading following the announcement. The transaction is structured as a reverse merger.

Separately, American Bitcoin will reverse merge into Gryphon Digital Mining, which will trade as $ABTC upon closing.

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