The deal signals a strategic pivot for KindlyMD. The company is shifting from healthcare to help bring BTC into mainstream investing.
Nakamoto was founded by Bitcoin advocate David Bailey. It aims to build the first global network of Bitcoin treasury companies—businesses that hold Bitcoin as a long-term reserve asset. With this merger, KindlyMD will adopt a Bitcoin treasury strategy. It aims to grow the amount of Bitcoin held per share, a concept known as “Bitcoin Yield.”
Building a Bitcoin-Native Public Company
The new combined entity marks a first-of-its-kind model: a public company with a dual mission to both grow its core business and accumulate BTC. According to KindlyMD, the private investment in public equity (PIPE) financing round drew more than 200 investors from six continents. This includes big names like Van Eck, ParaFi, and Arrington Capital, as well as Bitcoin insiders like Adam Back and Balaji Srinivasan.
At the heart of Nakamoto’s vision is a simple idea: if BTC is the future of money, it should be accessible in familiar investment formats like stocks and bonds. This echoes a growing trend—public companies adding Bitcoin to their treasuries. This is a path pioneered by MicroStrategy. As of 2025, over 40 publicly traded companies now hold Bitcoin, a tenfold increase since 2020, according to BitcoinTreasuries.net.
JUST IN: @DavidFBailey’s holding company @Nakamoto_HQ raises $710M—announces a merger with KindlyMD to launch a public #Bitcoin treasury strategy.
Let’s break it down:
pic.twitter.com/ABk5iIi8Q8
— Bitcoin For Corporations (@BitcoinForCorps) May 12, 2025
Bailey, also the CEO of BTC Inc., the company behind Bitcoin Magazine, says Nakamoto plans to list BTC-based financial instruments across major exchanges. “We believe a future is coming where every balance sheet—public or private—holds Bitcoin,” Bailey said. “We’re building a new kind of financial institution, one built on the shoulders of Satoshi Nakamoto.”
A Healthcare Mission with a Crypto Edge
Despite the pivot, KindlyMD isn’t abandoning its healthcare roots. CEO Tim Pickett will continue to lead KindlyMD’s clinics, which focus on holistic care and fighting the opioid crisis. “This merger represents a strategic leap for KindlyMD,” Pickett said. “It’s a bold new vision that will drive long-term value for our shareholders.”
The structure of the deal ensures continuity: KindlyMD’s care teams and patient-first values remain intact, while the combined company gains a leadership team with deep BTC expertise. Bailey will serve as CEO of the merged company, supported by a board of seven, six of whom will be appointed by Nakamoto.
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