Friendly fusion with Trump Crypto Advisor David Baileys Nakamoto

Shares of Friendly On Monday by 600% after the health company, the health company terminated a merger with Nakamoto Holdings, A Bitcoin The investment company founded by David Bailey, an important cryptocurrency consultant by President Donald Trump.

The newly founded company has a private investment in public equity (PIPE) contract for a private investment in public equity (pipe) art and offers stocks of 1.12 US dollars each.

The increase supported more than 200 investors, including Actai Ventures, Arrington Capital, BSQ Capital Partners, Kingsway, Van Eck and Yorkville Advisors.

The list of individual investors reads like a who's who is who from Bitcoin – cryptographer Adam Back; Balaji Srinivasan, a former Coin base Executive; Jihan Wu, co -founder of Bitmain; And Ricardo Salinas, the Mexican billionaire, who has become one of the volume supporters of Bitcoin.

Bitcoin acted over $ 104,000 on Monday morning. The price of the crythoande has stopped over 100,000 US dollars for the first time since February.

Kindymd's shares will continue to act under the “Kdly” ticker. The combined company is expected to be renamed and will receive a new ticker symbol.

Nakamoto, led by Bailey as CEO, will concentrate on the acquisition and maintenance of Bitcoin – a strategy that has become popular with investment companies that want to convert their shares into a direct bet to the price of cryptocurrency.

“We believe that a future comes where every balance sheet – public or private – contains Bitcoin,” said Bailey in a press release.

Bailey is not the first to follow this model. Michael Saylor's strategy (formerly Microstrategy) turned into a software company into a Bitcoin holding company in 2020, converting his cash reserves into Bitcoin and setting his shares as an increase in the Bitcoin value.

But Kindlymd's excursion in crypto is even more strange because the company has built its brand to combat opioid dependency with holistic health services.

“This merger represents a strategic leap for Kindymd, which enables us to expand our mission,” said Tim Pickett, Kindymd CEO. “Nakamoto brings a team with deep specialist knowledge in the Bitcoin strategy and unprecedented access to the leading experts in Bitcoin Treasury Management.”

Pickett, who will continue to monitor Kindmd's health processes, insisted that the clinics will first assert their focus on the treatment of opioid dependency and the offering of patients.

“It is a brave new vision that will increase long -term value for our shareholders,” added Pickett.

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