David Bailey’s Nakamoto closes KindlyMD merger for Bitcoin treasury

Nakamoto, a Bitcoin entity established by Trump crypto adviser David Bailey, and KindlyMD, have merged to establish a new Bitcoin treasury company.

David Bailey’s Bitcoin firm, Nakamoto, has completed its merger with healthcare company KindlyMD, forming a publicly-traded Bitcoin treasury vehicle with a plan to accumulate 1 million Bitcoin.

The merged entity will retain the KindlyMD name and continue trading on the Nasdaq under the ticker NAKA, with Nakamoto operating as a wholly-owned subsidiary. 

Nakamoto is among many companies with ambitious plans to acquire a large portion of Bitcoin’s fixed supply of 21 million coins.

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