Bitcoin treasury company merger

Key Points:* KindlyMD merges with Nakamoto Holdings, enhancing Bitcoin market presence.

• Expected to complete 2025, pending regulatory processes.
• Merger could increase Bitcoin institutional exposure significantly. KindlyMD has approved a merger with Bitcoin holding company Nakamoto Holdings, paving the way for one of the largest Bitcoin treasury firms by mid-2025.

The merger marks a significant pivot for KindlyMD, strategically aligning it with Bitcoin, a move that elevates its presence in the cryptocurrency market.

Major Financial Commitments and Market Impact of the Merger

KindlyMD shareholders approved the merger with Nakamoto Holdings on May 18. David Bailey, Nakamoto’s CEO, founded the company to build a Bitcoin ecological enterprise network. The merger’s approval is a key step in establishing this alliance.

The merger involves substantial financial commitments. The financing includes $710 million, with $510 million from private equity and $200 million from convertible notes. These funds will create a significant Bitcoin treasury company, potentially boosting public market exposure.

“We are pleased to achieve this important milestone in the merger process. As a combined company, we are excited to leverage Bitcoin’s dominance and real-world utility to strengthen our company and drive forward.” — Tim Pickett, CEO, KindlyMD

Nakamoto Holdings’ David Bailey highlighted Bitcoin’s potential as a corporate asset. Both leaders support Bitcoin’s role in corporate balance sheets.

Bitcoin’s Current Market Position and Institutional Trends

Did you know? In 2020, MicroStrategy became one of the first major companies to adopt Bitcoin as a treasury asset, marking a trend now seen with the KindlyMD and Nakamoto Holdings merger.

Bitcoin (BTC) is currently priced at $106,675.20, with a market cap of approximately 2.12 trillion. Dominating 63.02% of the market, it has shown a 1.62% increase over the past 24 hours. Data from CoinMarketCap points to a 22.91% rise over 30 days, with a circulating supply nearing its maximum.

Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 11:22 UTC on May 21, 2025. Source: CoinMarketCap Insights from the Coincu research team suggest that this merger affirms a strategic interest in Bitcoin as a core asset for corporate treasuries. Historically, this aligns with growing trends in institutional adoption and could encourage further regulatory frameworks that facilitate corporate cryptocurrency holdings.