Bitcoin Treasury on the Rise: Nakamoto Holdings and KindlyMD Merge for a Mammoth Crypto Move
Fresh Bitcoin Holding Corporation Emerges, Secures $710 Million Investment
Get ready for some exciting crypto news! You heard it right: Nakamoto Holdings, co-founded by Bitcoin Magazine CEO David Bailey, and healthcare firm KindlyMD have joined forces to create a brand new Bitcoin treasury. The announcement was made yesterday.
So, how did they secure such a massive investment? Well, they managed to raise an impressive $710 million through private investments and convertible notes, making it the largest public crypto transaction ever. The news drew over 200 investors, including bigwigs like Actai Ventures, Arrington Capital, and BSQ Capital Partners.
Excited about the new venture, Bailey, who advised President Trump on his 2024 crypto policy, will be leading the new Bitcoin treasury as its CEO. Meanwhile, KindlyMD, which previously had no ties to the crypto world, will continue its mission to combat the opioid crisis through innovative healthcare services.
But what does this mean for Bitcoin adoption? The companies aim to build a global network of Bitcoin treasury companies that will accelerate Bitcoin utility and increase its adoption worldwide. Bailey believes this securitization of Bitcoin will redraw the economic map and lead to a future where every balance sheet-public or private-holds Bitcoin.
Keep an eye on this game-changing merger! KindlyMD's shares are already soaring following the announcement. Interestingly, Bitcoin's software rival, Strategy (formerly MicroStrategy), was the first major company to label itself as a Bitcoin treasury in 2020.
Sources:
- https://www.globenewswire.com/news-release/2022/11/28/2544772/0/en/R...,2546224/2022-11-28.html
- https://www.businesswire.com/news/home/20221128005792/en/Nakamoto-Key...,2546493/2022-11-28.html
- https://www.coindesk.com/business/2022/11/28/bitcoin-collection-society-david-bailey-aka-crypto-trump-adviser-plans-to-create-a-bi...,2546602/
- https://www.prnewswire.com/news-releases/nkmd-enters-into-definitive-a...,2546225/2022-11-28.html
- https://www.reuters.com/business/kindlymd-nakamoto-holdings-announc...
- The merger between Nakamoto Holdings and KindlyMD has created a significant Bitcoin treasury, raising $710 million, making it the largest public crypto transaction ever.
- David Bailey, co-founder of Nakamoto Holdings and advisor to President Trump on crypto policy, will lead the new Bitcoin treasury as its CEO.
- KindlyMD, which previously had no ties to the crypto world, will continue its mission to combat the opioid crisis while the new Bitcoin treasury aims to accelerate Bitcoin's utility and increase its adoption worldwide.
- Bitcoin's software rival, Strategy (formerly MicroStrategy), was the first major company to label itself as a Bitcoin treasury in 2020, further indicative of the growing interest in cryptocurrency and investing in technology within the finance sector.
