- KindlyMD, Inc. (KDLY, Financial) shareholders approve merger with Nakamoto Holdings.
- The merger is expected to close in the third quarter of 2025.
- This strategic move aims to leverage Bitcoin in corporate treasury and enhance investor value.
KindlyMD, Inc. (NASDAQ:KDLY), a prominent provider of integrated healthcare services, has received approval from a majority of its shareholders for a proposed merger with Nakamoto Holdings Inc., a Bitcoin-native holding company. The decision was confirmed on May 18, 2025, marking a significant step towards the integration of Bitcoin into KindlyMD's corporate strategy.
As part of the merger process, the parties involved will prepare and file an information statement with the Securities and Exchange Commission. The closure of the merger is anticipated to occur 20 days after mailing the information statement to KindlyMD shareholders, with an expected closure in the third quarter of 2025.
David Bailey, Founder and CEO of Nakamoto Holdings, expressed enthusiasm about the merger, highlighting the potential of Bitcoin to enhance the corporate balance sheet and offer investors global exposure to Bitcoin, described as "the world’s greatest asset and store of value."
Tim Pickett, CEO of KindlyMD, shared optimism regarding the merger, emphasizing the opportunity to leverage Bitcoin’s dominance to strengthen the company and deliver long-term value to investors. This strategic move aligns with Nakamoto's ambition to establish a publicly traded conglomerate of Bitcoin companies, thereby providing infrastructure for next-generation capital markets.
KindlyMD’s merger with Nakamoto Holdings marks a pivotal moment in its corporate evolution, aiming for synergistic growth and increased shareholder value by integrating Bitcoin into its operational and financial framework.