KindlyMD shareholders OK merger with Trump-linked Bitcoin firm

Shareholders of the healthcare services supplier KindlyMD, Inc person approved a projected merger with Bitcoin holding institution Nakamoto Holdings, founded by US President Donald Trump’s crypto adviser, David Bailey.

KindlyMD and Nakamoto Holdings, a recently formed institution that focuses connected creating a web of Bitcoin-related entities, volition some record accusation statements with the Securities and Exchange Commission, KindlyMD said successful a May 20 statement.

The merger is expected to instrumentality spot 20 days aft some companies person shared the accusation connection with KindlyMD’s shareholders, with the transaction expected to beryllium finalized successful the 3rd 4th of 2025.

Google Finance shows shares successful KindlyMD (KDLY) closed the May 20 trading league up 9% astatine $15.22 and gained different 4.8% aft the doorbell arsenic the announcement of the approved merger came aft the trading league ended. KDLY is up implicit 979% truthful acold this year.

Shares of KindlyMD were up 4.8% after-hours connected quality that shareholders approved a merger with Nakamoto Holdings. Source: Google Finance.

The companies first announced the merger connected May 12, saying the merged entity volition usage equity, debt, and different offerings to make a slew of Bitcoin-native companies. Additionally, the institution volition besides bolster its treasury by accumulating Bitcoin (BTC).

Companies proceed to summation their Bitcoin holdings

A increasing fig of nationalist companies person been adding Bitcoin to their equilibrium sheets and person outpaced retail investors and exchange-traded funds, according to Bitcoin concern steadfast River.

Vivek Ramaswamy’s Strive said connected May 20 that it intends to purchase Bitcoin claims tied to the defunct crypto speech Mt. Gox and would look to bargain 75,000 BTC astatine a discounted price.

Related: Bitcoin unfastened involvement hits grounds precocious arsenic bulls stampede toward caller BTC terms highs

Strategy, formerly MicroStrategy, said connected May 19 that it purchased 7,390 BTC for $765 cardinal past week. The company’s apical brass were besides deed with a class-action suit alleging they had failed to accurately correspond the quality of the company’s Bitcoin investments.

Earlier this month, stablecoin issuer Tether bought nearly $459 million worthy of Bitcoin for Twenty One Capital, a Bitcoin concern steadfast it backed that is awaiting the completion of a Special Purpose Acquisition Company (SPAC) merger with Cantor Equity Partners.

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