Nakamoto and KindlyMD Merge to Launch Bitcoin Treasury Strategy
According to Jinse Finance, Bitcoin holding company Nakamoto has officially completed its merger with Utah-based KindlyMD and will launch a Bitcoin treasury strategy under the KindlyMD name. David Bailey, co-founder of BTC Inc., will serve as the new company's CEO. The company plans to accumulate Bitcoin through equity, debt, and other financing methods. KindlyMD has already raised $540 million through a private equity offering and is expected to complete a $200 million convertible bond issuance tomorrow.
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