Like MicroStrategy (MSTR), several other companies are looking to hold Bitcoin (BTCUSD) on their balance sheet and gain exposure to this inflation-crushing asset class. Bitcoin prices have surged nearly 1,000% over the past five years, valuing the world’s largest cryptocurrency above $2 trillion by market cap in May 2025. However, Bitcoin has also declined by 80% several times over the past decade, making it extremely volatile for the average investor. 

KindlyMD (KDLY) is a micro-cap stock that has recently disclosed plans to accumulate Bitcoin. Valued at less than $50 million by market cap, KindlyMD is a healthcare and healthcare data company. It provides direct healthcare services to patients and offers specialty outpatient clinical services based on a subscription and fee-for-service basis. 

Why KindlyMD Stock Rose 200% This Week?

KindlyMD recently entered into a definitive merger agreement with Nakamoto Holdings, a Bitcoin-native holding company founded by David Bailey. The merger represents a strategic pivot for KindlyMD, transforming it into one of the first publicly traded companies designed to accumulate Bitcoin and grow Bitcoin holdings on a per-share basis. Investors should note that Bailey has served President Donald Trump as a crypto advisor. 

The transaction includes $510 million in gross proceeds from a fully committed private placement in public equity (PIPE) priced at $1.12 per share, plus $200 million in gross proceeds from senior secured convertible notes maturing in 2028. 

The PIPE financing attracted over 200 investors across six continents, including notable investment firms Actai Ventures, Arrington Capital, BSQ Capital Partners, Kingsway, Off the Chain Capital, ParaFi, RK Capital, Van Eck, and Yorkville Advisors.

Following the merger, David Bailey will lead the combined company as CEO, while Tim Pickett, KindlyMD’s CEO and founder, will continue managing the company’s healthcare operations. KindlyMD’s clinical services, which focus on combating the opioid crisis through holistic health approaches, will continue.

The combined company’s board of directors will consist of six directors appointed by Nakamoto and one appointed by KindlyMD. While shares will initially continue trading on the Nasdaq Exchange under the symbol “KDLY,” the combined company expects to rebrand and adopt a new ticker symbol.

Nakamoto’s vision is to build the first publicly traded conglomerate focused on accelerating Bitcoin adoption, creating a global network of Bitcoin treasury companies, and developing an ecosystem of Bitcoin-native services, including media, advisory, and financial services.