Bullish indicating open at $55-$60, IPO prices at $37
SALT LAKE CITY - Nakamoto Holdings Inc., Kindly MD, Inc. (NASDAQ:KDLY), and Anchorage Digital announced a strategic partnership today, positioning Anchorage Digital as the exclusive custodian and trading service provider for KindlyMD’s Bitcoin treasury operations following their imminent merger. This collaboration marks a significant move towards corporate Bitcoin adoption, with Anchorage Digital offering its federally chartered digital asset bank’s custody and trading services.
The merger between Nakamoto, a Bitcoin treasury company, and KindlyMD, a healthcare and data analysis firm, is backed by approximately $710 million in financing. This includes around $510 million from a private investment in public equity (PIPE), representing the largest PIPE in a public crypto-related deal to date. KindlyMD, currently valued at a market capitalization of $91.66 million, maintains a moderate debt level with a debt-to-equity ratio of 0.44.
Nathan McCauley, CEO and Co-Founder of Anchorage Digital, emphasized the pioneering nature of this partnership in the corporate sphere, suggesting that Bitcoin’s absence from balance sheets will soon be more notable than its inclusion. David Bailey, Nakamoto’s Founder and CEO, expressed enthusiasm for bringing Bitcoin to the forefront of global capital markets with Anchorage Digital’s high-security and infrastructure standards.
Tim Pickett, CEO of KindlyMD, highlighted the importance of Anchorage Digital’s institutional-grade platform in confidently holding Bitcoin as a treasury asset, with the aim of providing long-term shareholder value. Anchorage Digital’s platform boasts features like bankruptcy-remote custody and a 24/7 trading desk, offering deep liquidity and competitive pricing to its corporate clients.
This partnership announcement is intended for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase any securities. It also does not provide tax, legal, or investment advice.
Nakamoto aims to become the first publicly traded conglomerate of Bitcoin companies, while KindlyMD focuses on integrating traditional and alternative medicine for improved healthcare outcomes. Anchorage Digital, funded by prominent investors such as Andreessen Horowitz and Visa, serves institutions with a comprehensive crypto platform, including its U.S. federally chartered bank and international licenses.
The information in this article is based on a press release statement and aims to present the key facts of this strategic partnership without any endorsement of claims or speculative implications. InvestingPro analysis indicates a FAIR financial health score of 2.14 for KDLY, with 15 additional ProTips available to subscribers, covering everything from valuation metrics to growth potential. Discover more comprehensive insights and make informed investment decisions with InvestingPro’s advanced analytics platform.
In other recent news, KindlyMD, Inc. has announced that its shareholders have approved a merger with Nakamoto Holdings Inc., a Bitcoin-focused holding company. This merger, anticipated to close in the third quarter of 2025, aims to establish a Bitcoin treasury strategy and provide public market exposure to Bitcoin. The transaction includes $510 million in private placement in public equity (PIPE) financing and $200 million in debt financing, with participation from institutional investors and notable individuals. Additionally, KindlyMD has modified the compensation arrangements for its top executives and independent directors, adjusting stock options and vesting schedules. CEO Tim Pickett, CFO Jared Barrera, and COO Adam Cox received new stock options with specific vesting periods. Independent directors were also granted fully vested restricted common stock and stock options. The merger and compensation changes are part of KindlyMD’s strategic expansion, leveraging Nakamoto’s expertise in Bitcoin to enhance shareholder value.
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