People pass in front of a Donald Trump advertising with Bitcoin in Hong Kong.
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Actions of Kindly Added to 600% on Monday after the health company announced a merger with Nakamoto Holdings, a bitcoin Investment company founded by David Bailey, a key advisor to the cryptocurrency of President Donald Trump.
The newly trained company has obtained $ 200 million in convertible debts and $ 510 million in fresh capital thanks to a private investment in public shares (PIP), offering shares at $ 1.12 each.
The increase attracted the support of more than 200 investors, including Acta Ventures, Arrington Capital, BSQ Capital Partners, Kingsway, Van Eck and Yorkville.
The list of individual investors can be read as a who’s who from Bitcoin – Cryptographer Adam Back; Balaji Srinivasan, an old Jamming executive; Jihan Wu, co-founder of Bitmain; And Ricardo Salinas, the Mexican billionaire who has become one of the most vocal supporters in Bitcoin.
Kindlymd’s actions will continue to negotiate under the “KDLY” ticker. The combined company plans to be renamed and will obtain a new symbol of Ticker.
Nakamoto, led by Bailey as CEO, will focus on Bitcoin’s acquisition and hold – a strategy that has become popular among investment companies seeking to transform their stock into a direct bet on the price of cryptocurrency.
“We believe that a future arrives where each assessment – public or private – holds Bitcoin,” said Bailey in a press release.
Bailey is not the first to continue this model. Michael Saylor’s strategy (formerly Microstrategy) has transformed a software company into a Bitcoin detention company in 2020, converting its Bitcoin cash reserves and watching its actions skyrocketed while the Bitcoin value has increased.
But the incursion of kindness in the crypto is even stranger, since society has built its mark around the fight against dependence on opioids with holistic health services.
“This merger represents a strategic jump for Kindlymd, allowing us to expand our mission,” said Tim Pickett, CEO of Kindlymd. “Nakamoto brings a team with in -depth expertise in the Bitcoin strategy and unrivaled access to the main experts in Bitcoin Treasury management.”
Pickett, which will continue to supervise Knilymd health operations, insisted that clinics will focus on the treatment of opioid dependence and patient care provision.
“It is a new daring vision that will stimulate the long -term value of our shareholders,” added Pickett.
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