Bitcoin prices exceeded $122,286 today as large new buyers approach the market. All eyes are at Nakamoto Holdings Inc., a Bitcoin native holding company that completes a long-term merger with healthcare provider KindlyMD (NASDAQ: NAKA). Once the merger is complete, Nakamoto will be cleared to begin purchasing Bitcoin with more than $760 million in capital.
The company confirmed it had filed a definitive information statement with the U.S. Securities and Exchange Commission on July 22, marking its final step before closing. “Submitting a definitive information statement is a significant milestone for this merger and accelerates our mission to win 1 million Bitcoin,” said David Bailey, founder and CEO of Nakamoto. “We are extremely proud of Nakamoto and our team’s collaboration at KindlyMD to bring them one step closer to closing the merger.”
“We are proud to be able to reach this important milestone together with Nakamoto,” added Tim Pickett, founder and CEO of KindlyMD. “Our shareholders now have the opportunity to be part of a groundbreaking change in the way public companies approach financial management.
Once confirmed, the merger will allow Nakamoto to actively pursue a Bitcoin acquisition strategy. The company made its first move earlier this year when KindlyMD purchased 21 btc for $2.3 million. “The iconic number for starting the $naka mission,” Nakamoto posted on X. Pickett.
“We have a unique strategy for Nakamoto. When we see it working, we see why we become one of the top Bitcoin holders in the world,” Bailey said today. “We’re building a Bitcoin Juggernaut.”
To further strengthen its leadership, Nakamoto announced last week that it had appointed Amanda Fabiano as Chief Operating Officer. Fabiano, former mining manager at Galaxy Digital and director of Bitcoin Mining at Fidelity Investments, brings more than a decade of experience to this role. “We are excited to add Amanda to the Nakamoto team,” Bailey said. “A track record of implementation building and driving institutional infrastructure across complex organizations offers immediate value.”
Fabiano said, “I look forward to joining Nakamoto at such a crucial time in its growth. Nakamoto is turning bold ideas into real-world influences and pushing forward the frontier of institutional Bitcoin adoption.”
With the merger deadline likely to be imminent, participants in the Bitcoin market are attracting attention as Nakamoto prepares to roll out more than $760 million to BTC.
Disclosure: Nakamoto is working with BTC Inc, the parent company of Bitcoin Magazine, to build the first global network of Bitcoin Treasury Companies, where BTC Inc offers specific marketing services to Nakamoto. For more information about this, please see here.
Source: https://bitcoinmagazine.com/markets/bitcoin-price-soars-above-120k-as-nakamoto-prepares-760-million-btc-buy-post-merger
