Bitcoin holding company Nakamoto and KindlyMD complete merger, David Bailey appointed CEO

According to ChainCatcher, citing The Block, Bitcoin holding company Nakamoto and Utah-based KindlyMD have officially completed their merger and launched a Bitcoin financial strategy. David Bailey, co-founder of BTC Inc., will serve as CEO of the new company. The merger aims to increase Bitcoin holdings through equity, debt, and other issuance methods, thereby boosting Bitcoin earnings per share. KindlyMD has raised $540 million through a public PIPE offering and expects to complete a $200 million convertible bond issuance.