Kindly MD Inc. (NASDAQ: KDLY) soared over 600% this morning after merging with Nakamoto Holdings, a Bitcoin investment firm founded by David Bailey in early 2025.
Bailey is among the key personnel who are serving as crypto advisors to US President Donald Trump.
The joint company, whose new name is yet to be announced, has already secured $510 million in PIPE funding and another $200 million in convertible debt, as per its press release on Monday.
In the meantime, Kindly MD stock will continue to trade as KDLY on Nasdaq.
What does Nakamoto’s deal mean for Kindly MD stock?
Kindly MD is primarily known for its holistic health services aimed at combating opioid addiction.
Tim Pickett, its current chief executive, will continue to oversee this core business.
However, the merger with Nakamoto Holdings “represents a strategic leap for KDLY, allowing us to expand our mission,” he agreed in the press release on Monday.
Note that the aforementioned funding the merged company has secured came from notable names like Van Eck and Actai Ventures, as well as renowned individual investors like Balaji Srinivasan (former Coinbase executive) and Jihan Wu (co-founder of Bitmain).
In total, more than 200 investors backed Kindly MD stock today.
Bitcoin strategy has a history of triggering a stock price rally
Merging with Nakamoto Holdings is meaningful for Kindly MD as it “brings a team with deep expertise in Bitcoin strategy and unparalleled access to the leading expertise in Bitcoin treasury management.”
Investors should also note that the BTC holding strategy is not really unheard of. MicroStrategy Inc., a business intelligence company under the leadership of a known crypto proponent, Michael Saylor, has effectively transformed into a Bitcoin proxy in recent years.
More importantly, a sharp surge in Bitcoin price that comfortably sits above the closely-watched $100,000 levels at the time of writing has helped MSTR shares rally more than twentyfold over the past three months.
Investors are hoping that Kindly MD stock will be able to benefit similarly following its merger with Nakamoto Holdings.
That is what’s helping KDLY shares shoot for the moon on Monday.
Are KDLY shares worth owning in 2025?
David Bailey’s investment firm continues to acquire and hold the world’s largest crypto by market cap as the millionaire entrepreneur believes “a future is coming where every balance sheet, public or private, holds Bitcoin.”
And it looks like Tim Pickett of Kindly MD shares that view, given he expressed confidence in a statement this morning that merging with Nakamoto Holdings will help “drive long-term value for our shareholders.”
Including today’s gains, KDLY shares are trading at more than 20 times their price in the first week of February.
The healthcare stock is not really covered by Wall Street analysts, though.
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