One Million BTC buying plan is now the central mission of the merged KindlyMD and Nakamoto Holdings.
The newly combined company aims to create a publicly traded Bitcoin treasury vehicle, targeting large-scale acquisitions to influence corporate and government adoption. The company will trade on the Nasdaq Capital Market under the KindlyMD name, with Nakamoto operating as a wholly owned subsidiary managing Bitcoin financial services.
David Bailey, CEO and Chairman, emphasized the vision for a Bitcoin standard across global capital markets. He described Bitcoin as the most valuable asset in human history, predicting widespread ownership among individuals, companies, and governments. His goal is to drive institutional integration through securitization and advanced financial structures.
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A $540 Million Launch for the Bitcoin Treasury
The merger generated $540 million in gross proceeds through private placement in public equity financing. Most of this capital will be directed toward Bitcoin purchases, aligning with the One Million BTC buying plan. A $200 million convertible note offering is expected to close shortly, further strengthening the company’s buying power.
Tim Pickett, KindlyMD’s former CEO and now Chief Medical Officer, expressed confidence in extending operational excellence into capital strategy. He highlighted Bitcoin’s role in preserving value with integrity, paralleling the company’s approach to delivering care.
Leadership Ready for Institutional Bitcoin Growth
The strengthened leadership team includes Amanda Fabiano as COO, Tyler Evans as CIO, and Andrew Creighton as CCO. Independent directors now include Charles Blackburn, Perianne Boring, Eric Weiss, Greg Xethalis, and Mark Yusko. Together, they aim to position the company as the leading institutional-grade Bitcoin treasury vehicle.
The One Million BTC buying plan is not merely a corporate ambition; it is a strategic move to integrate Bitcoin into mainstream capital markets. The company’s approach blends large-scale treasury management with an open invitation for institutional investors to participate in the transition toward a Bitcoin standard.