Nakamoto, a Bitcoin entity established by Trump crypto adviser David Bailey, and KindlyMD have merged to establish a new Bitcoin treasury company.
David Bailey’s Bitcoin firm, Nakamoto, completed its merger with healthcare company KindlyMD, forming a publicly traded Bitcoin treasury vehicle with a plan to accumulate 1 million Bitcoin.
The merged entity will retain the KindlyMD name and continue trading on the Nasdaq under the ticker NAKA, with Nakamoto operating as a wholly owned subsidiary.
Nakamoto is among many companies with ambitious plans to acquire a large portion of Bitcoin’s fixed supply of 21 million coins.
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