KindlyMD’s stock skyrocketed after announcing a merger with Nakamoto Holdings, a Bitcoin-focused investment firm led by former Trump advisor David Bailey. The newly merged entity secured $710 million in funding, including $200 million in convertible debt and $510 million via a PIPE deal. Investors in the PIPE are buying shares at $1.12, while convertible notes will convert at $2.80. The merger, described as ‘transformational,’ aims to pivot KindlyMD toward Bitcoin-centric operations while maintaining its opioid treatment mission. Over 200 investors, including Arrington Capital and Van Eck, participated. Bitcoin’s price, meanwhile, rose 8% weekly, nearing its all-time high.
about KindlyMD Soars 250% After Bitcoin Merger with Nakamoto