09:15 AM EDT, 05/12/2025 (MT Newswires) -- KindlyMD (KDLY) said Monday it has entered into a definitive merger agreement with Nakamoto Holdings to start a Bitcoin treasury strategy.

Nakamoto is a new holding company founded by David Bailey, who is cryptocurrency adviser to President Donald Trump, according to media reports.

The combined entity will seek to accumulate Bitcoin and grow the amount of Bitcoins owned on a per-share basis via a variety of equity, debt and other offerings, KindlyMD said.

KDLY shares were soaring 676% in recent premarket activity.