Healthcare services provider KindlyMD has merged with Bitcoin-native holding company Nakamoto Holdings to build a BTC treasury. According to a recent announcement, Nakamoto Holdings, a company founded by David Bailey, a crypto adviser to US President Donald Trump, aims to establish the first global network of Bitcoin (BTC) treasury companies in collaboration with BTC Inc. Bailey envisions a future where every balance sheet, whether public or private, holds Bitcoin, stating that traditional finance and Bitcoin-native markets are converging. The firm’s long-term plan involves creating a Bitcoin-native ecosystem encompassing media, advisory, and financial services to drive Bitcoin adoption and utility. The merger will result in a company focused on accumulating Bitcoin and increasing the BTC held per share. Similar to Michael Saylor’s Strategy (formerly MicroStrategy), the newly formed company plans to utilize equity, debt, and other offerings to achieve its goals, providing market exposure to Bitcoin within a compliant structure. The company intends to integrate Bitcoin into various financial instruments and list them on major global exchanges. The deal includes $710 million in financing, with shares of KindlyMD continuing to trade on the Nasdaq under a new ticker symbol after the renaming of the company. The transaction, approved by the boards of Nakamoto Holdings and KindlyMD, will require shareholder approval from the latter. The financing comprises $510 million from a private placement in public equity and $200 million from the sale of senior secured convertible notes, expected to close alongside the merger. Upon completion, the combined company will inherit Nakamoto Holdings’ obligations and business relationships, including marketing services from BTC Inc. This move signifies a significant step towards integrating Bitcoin into mainstream financial markets and expanding its utility.