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Bitcoin Magazine Founder Forms Strategy-Like Bitcoin Holding Company

The long-time BTC advocate has taken the new company public via SPAC merger with $710 million in financing for its Bitcoin treasury.
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May 12, 2025 • 1 min read

Bitcoin Magazine founder David Bailey and Nakamoto merge with KindlyMD, raising $710M to launch a Bitcoin treasury and Nasdaq-listed conglomerate.

What’s the Scoop?

  • Massive Financing: David Bailey’s Nakamoto Holding Company has raised $710 million through private placements and convertible notes, signaling strong institutional interest.
  • Institutional Backing: The deal attracted over 200 global investors, including leading institutional players like ParaFi, VanEck, and Actai Ventures.
  • Regulatory Steps: The merger requires shareholder approval and adherence to Nasdaq compliance, with a new ticker symbol announcement pending.

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