what's KindlyMD, Inc.?
KindlyMD, Inc. is a provider of integrated healthcare services, offering whole-person care that combines primary care, pain management, behavioral health, and alternative medicine through its clinics. Following a merger with Nakamoto Holdings, a Bitcoin-native investment firm, KindlyMD has established a corporate Bitcoin treasury strategy. The company raises capital through equity offerings, debt facilities, and mergers to acquire and hold Bitcoin as a core reserve asset, positioning itself as a hybrid healthcare entity with significant cryptocurrency exposure. This approach integrates traditional business operations with digital asset management, led by executives including David Bailey.
KindlyMD faces potential delisting from Bitcoin DAT.
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x.com/kindlymdFaces potential delisting from Bitcoin DAT.
Holds 5,398 BTC.
Faces Nasdaq delisting notice for shares trading below $1 minimum bid price requirement and must regain compliance by June 8, 2026.
Secures $210M USDT loan from Kraken backed by $323M in BTC to repay Antalpha debt and consolidate all borrowing with Kraken.
Enters $210 million USDT loan agreement with Kraken.
Missed Q3 quarterly filing deadline due to complex accounting from Nakamoto merger, with stock down 97% from May 27 high.
Currently trading below modified Net Asset Value (mNAV < 1), which constrains ability to issue new shares and may force alternative financing strategies like selling options for cashflow if Bitcoin acquisition strategy continues.
Stock experiences major crash, undermining crypto treasury company narrative.
Plans unveiled to raise $5B for Bitcoin acquisition, represents major escalation from previous $200M raise.
Secures $200M in convertible note financing to expand Bitcoin treasury holdings.
Treasury expands by 5,743.91 BTC ($679M purchase) to reach 5,764.91 BTC total holdings.
First Bitcoin treasury purchase of 21 BTC completed ahead of Nakamoto Holdings merger.
Shares surge 600% following merger with David Bailey's bitcoin investment company.