Nakamoto Holdings Inc., Kindly MD, Inc. (NASDAQ: KDLY), and Anchorage Digital announced a partnership to advance the future of corporate Bitcoin adoption.
Through this partnership, Anchorage Digital, home to the only U.S. federally chartered digital asset bank, will “provide custody and trading services to KindlyMD for its Bitcoin treasury operations once the merger with Nakamoto closes.”
Nakamoto, a holding company founded by Bitcoin professional David Bailey, and KindlyMD aim to “establish a Bitcoin treasury strategy with their recently announced merger agreement.”
The parties secured approximately $710 million in financing, including approximately “$510 million in a PIPE.”
Nathan McCauley, CEO and Co-Founder of Anchorage Digital said:
“In the not-so-distant-future, the omission of Bitcoin on a balance sheet will be more glaring than its inclusion. Until then, companies like Nakamoto-KindlyMD are pioneering a new path forward—one in which Bitcoin is at the heart of corporate strategy.”
David Bailey, Founder and CEO of Nakamoto Holdings Inc said:
“Our goal is to bring Bitcoin to the center of global capital markets within a compliant, transparent structure. We are excited to partner with Anchorage Digital to implement our vision with the highest levels of security and battle-tested infrastructure and enable us to deliver sustained value to shareholders.”
Tim Pickett, CEO of KindlyMD said:
“By collaborating with Anchorage Digital, we are implementing our Bitcoin treasury strategy with the utmost standards in safety and security for our shareholders. Their institutional-grade platform allows us to confidently hold Bitcoin as a treasury asset as we look to unlock access to Bitcoin and drive value for the long term.”
As the crypto partner of choice for corporations, Anchorage Digital provides a comprehensive platform, “including bankruptcy-remote custody with legal segregation of client assets and firm funds.”
Through security and a 24/7 trading desk with deep liquidity and competitive pricing, Anchorage Digital is “enabling Nakamoto and KindlyMD to advance Bitcoin as a corporate treasury asset.”
