23.07.2025 04:22

KindlyMD (NASDAQ: NAKA), a publicly traded company, and Nakamoto Holdings, a prominent Bitcoin-focused firm, jointly announced the submission of their definitive information statement to the Securities and Exchange Commission (SEC). This filing marks a significant step towards finalizing their proposed merger, currently slated for completion around August 11, 2025. The merger, anticipated to close within approximately 20 days, represents a substantial development in the Bitcoin financial landscape.

Nakamoto Holdings, boasting a substantial Bitcoin treasury valued at approximately $763 million, aims to leverage this merger to further its ambitious goal of acquiring one million Bitcoin. David Bailey, Founder and CEO of Nakamoto, expressed his satisfaction with the progress, highlighting the collaborative efforts between both teams and their shared dedication to Bitcoin's potential. He emphasized that this merger creates a robust foundation for the future success of the combined entity within the public markets.

This strategic merger is instrumental in implementing Nakamoto's innovative capital framework. Instead of solely using Bitcoin as a reserve asset, Nakamoto intends to integrate it as the cornerstone of a novel investment strategy. This approach involves using Bitcoin as the base unit, supplementing it with publicly traded stocks for enhanced investment and growth opportunities. Crucially, this model is designed to empower smaller companies, particularly those in regions with limited Bitcoin accessibility. The success of this model is already evident through the positive performance of companies like Metaplanet, Smarter Web Company, and The Blockchain Group, whose progress is measured by Bitcoin per share, with profits reinvested for further Bitcoin acquisition or new ventures.

Nakamoto cleverly navigates the 40 percent securities limit imposed by the Investment Company Act through the strategic use of Bitcoin-denominated convertible notes, thus gaining increased operational flexibility and control. The substantial capital raised, exceeding $750 million, will significantly fuel Nakamoto's global expansion plans, aiming to establish a widely adopted Bitcoin-based financial model. The successful SEC filing is a testament to the strategic vision and collaborative efforts involved in this transformative merger.