KindlyMD soars 600% after merger with Trump's crypto ally
KindlyMD experienced a 600% increase in its stock value following the announcement of its merger with Nakamoto Holdings, a bitcoin investment company founded by Donald Trump's cryptocurrency advisor, David Bailey. The new company secured $200 million in convertible debt and $510 million from PIPE investments.
KindlyMD, a company in the healthcare sector, saw a sharp 600% surge in its stock value after announcing the merger with Nakamoto Holdings. Nakamoto Holdings is a bitcoin investment firm founded by David Bailey, a key cryptocurrency advisor to President Donald Trump, as reported by CNBC.
The newly formed company secured $200 million in convertible debt and $510 million from PIPE investments, offering shares at $1.12 each.
Among the over 200 investors who supported this initiative were Actai Ventures, Arrington Capital, and Yorkville Advisors.
The group of individual investors included prominent figures in the bitcoin world, such as Adam Back, Balaji Srinivasan, and Ricardo Salinas.
KindlyMD shares will continue to be listed under the symbol 'KDLY', but there are plans to change the name and ticker symbol of the new company. Under Bailey's direction, Nakamoto Holdings will focus on acquiring and storing bitcoins.
