Bitcoin Magazine CEO’s Nakamoto to Go Public Through KindlyMD Merger

In a bold move to blend legacy sectors with digital asset strategy, Bitcoin Magazine CEO David Bailey is spearheading a merger between his Bitcoin-native firm Nakamoto and healthcare provider KindlyMD.

The goal? To create a new kind of public company—one that runs traditional operations while actively building a treasury backed by Bitcoin.

The merger, which still awaits shareholder approval, is backed by a record-setting capital raise: $510 million in equity and $200 million in convertible debt. Once finalized, Bailey will lead the new entity as CEO, combining KindlyMD’s medical business with Nakamoto’s aggressive Bitcoin acquisition strategy.

What makes this merger different isn’t just the money—it’s the model. The company plans to grow its Bitcoin holdings per share using public market tools, essentially creating what Bailey calls a “Bitcoin yield.” The approach aims to push Bitcoin into the financial core of public company operations, something he says could redraw the global economic map.

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Alongside Bailey’s leadership, the new board will be weighted in favor of Nakamoto with six out of seven seats. The firm will eventually rebrand and trade under a new symbol, but will keep KindlyMD’s Nasdaq listing for now.

Bailey, who has become increasingly aligned with Donald Trump’s pro-Bitcoin stance, framed the venture as part of a broader historical shift. “Every financial era has its names—Morgan, Rothschild, Goldman. Now we build that future under Nakamoto.”

This merger isn’t happening in a vacuum. More than 70 companies have already added Bitcoin to their treasuries, and a wave of institutional players like SoftBank, Bitfinex, and Cantor Fitzgerald are jumping in, with some launching multibillion-dollar crypto ventures.

With the lines between industry and crypto now fully blurred, Nakamoto’s hybrid model may represent the next phase in corporate Bitcoin adoption.

Alexander Stefanov