Global law firm Reed Smith represented David Bailey and Nakamoto Holdings Inc. (“Nakamoto”), a Bitcoin-native holding company, in their definitive merger agreement with KindlyMD, Inc. (NASDAQ: KDLY; “KindlyMD”), a leading provider of integrated health care services, to establish a Bitcoin treasury strategy.

Nakamoto is a new holding company founded by David Bailey. In partnership with BTC Inc, Nakamoto seeks to build the first global network of Bitcoin treasury companies. This is the first step in Nakamoto’s vision for an ecosystem of Bitcoin-native companies, including media, advisory and financial services, that exist to accelerate Bitcoin adoption and utility.

The combined company will aim both to accumulate Bitcoin and grow the Bitcoin owned on a per share basis, or Bitcoin Yield, through a variety of equity, debt and other offerings. This merger gives the public market exposure to Bitcoin within a compliant, transparent structure backed by a uniquely experienced Bitcoin management team, including a partnership with one of the world’s most influential Bitcoin marketing platforms.

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