KindlyMD Shareholders Approve Merger With Trump Crypto Adviser’s Firm

KindlyMD- Bitcoin-Focused Merger Clears Key Hurdle

KindlyMD, Inc., a U.S.-based healthcare services provider, has received shareholder approval to move forward with its proposed merger with Nakamoto Holdings — a company founded by David Bailey, crypto adviser to former U.S. President Donald Trump. The announcement was made via a May 20 statement, signaling a major shift in KindlyMD’s business direction.

Nakamoto Holdings aims to build a network of Bitcoin-native companies and will join forces with KindlyMD in a deal expected to close in Q3 2025. Both firms will file the required documentation with the U.S. Securities and Exchange Commission (SEC), and the merger will become effective 20 days after the information is shared with shareholders.

KDLY Stock Surges After-Hours on Merger News

Following the announcement, shares of KindlyMD (KDLY) closed 9% higher on May 20 at $15.22 and rose an additional 4.8% in after-hours trading. Year-to-date, KDLY stock has skyrocketed more than 979%, largely driven by anticipation of the merger.

The newly formed entity plans to use equity, debt, and other financial tools to develop Bitcoin-centric businesses while also boosting its treasury by acquiring Bitcoin (BTC), which recently traded at $106,628.

Bitcoin Holdings Surge Among Public Companies

KindlyMD’s move mirrors a broader trend where public companies are aggressively accumulating Bitcoin. On May 20, Vivek Ramaswamy’s Strive announced plans to purchase 75,000 BTC claims from the defunct Mt. Gox exchange. Just a day earlier, Strategy (formerly MicroStrategy) revealed it had bought 7,390 BTC for $765 million. Meanwhile, stablecoin issuer Tether recently acquired $459 million worth of BTC for Bitcoin-focused firm Twenty One Capital.

These developments highlight the growing institutional demand for Bitcoin, reinforcing its evolving role in corporate finance strategies.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.