Shares of Friendly Monday 250% up on Monday after the health care company was announced to merge with Nakamoto Holdings, a Bitcoin Investment company founded by David Bailey, on the most important cryptocurrency adviser of President Donald Trump.
The newly formed company has $ 200 million in convertible debts and $ 510 million in fresh capital protected by a private investment in deal (Pipe) in Public Equity (Pipe), which offers shares for $ 1.12 each.
According to Bailey, the convertible memorandum bears a premium on the pipe price, with a research share for $ 1.12, but the banknotes will convert to $ 2.80. I added that the notes are zero coupon for the first two years.
Since the news of the fund was broken on Wednesday, the project has attracted hundreds of millions of dollars in extra obligations, Bailey said.
“I picked up about $ 100 million a day,” Bailey told CNBC. “Yesterday I picked up almost $ 200 million.”
The increase has brought support from more than 200 investors, including Actai Ventures, Arrington Capital, BSQ Capital Partners, Kingsway, Van Eck and Yorkville Advisors.
The selection of individual investors reads back as a WHO’s who of Bitcoin – Cryptographhher Adam; Balaji Srinivasan, to former Coinbase Managing; Jihan Wu, co-founder of Bitmain; And Ricardo Salinas, the Mexican billionaire who has become one of the most vocal supporters in Bitcoin.
Constantine Karides, chairman of Reed Smith’s Crypto & Digital Assets Group, was the main advisor in the deal. I called “transaction transactions”, and noticed that “Bitcoin’s emergency situation such as Treasury assets is a natural evolution.”
“On capital markets we see a strong acceptance of alternative and innovative transaction structures that completely embrace blockchain and digital assets, made possible by new technologies,” said Karides.
But Kindlymd’s trip in Crypto is even stranger, since the company has built up its brand around combating opioid addiction with holistic health services.
Bailey said his team was looking for “the right vehicle” to take Nakamoto -publicly, and the leadership team of Kindlymd was already full of Bitcoin enthusiasts.
“They believed in the strategy,” said Bailey. “What Kindlymd will look like in the future will be different from what it likes today.”
I have confirmed that the combined company is planning to rebrand, to change the ticker of “KDLY” and to acquire Bitcoin-Native companies to build a worldwide network of Bitcoin Holdings.
According to Bailey, the vision is to build a global network of Bitcoin-oriented companies, where healthcare ultimately plays a smaller role.
“This merger represents a strategic leap for Kindlymd, allowing us to extend our mission,” said Tim Pickett, CEO of Kindlymd. “Nakamoto Brigs in a team with deep expertise in Bitcoin strategy and a parallel access to the leading experts in Bitcoin Treasury Management.”
Pickett, which will continue to supervise the health care activities of Kindlymd, insisted that the clinics keep their focus on treating opioid addiction and offering care for patient-Firs.
“It is a daring new vision that will generate the long -term value for our shareholders,” Pickett added.
Bitcoin acted above $ 102,000 on Monday afternoon, after he had risen by $ 100,000 for the first time since February.
Nakamoto, led by Bailey as CEO, will focus on acquiring and keeping Bitcoin – a strategy that is popular among investment companies that want to change their shares in a direct gamble on the price of the cryptocurrecy.
“Our total focus is on increasing the Bitcoin per share,” Bailey told CNBC. “We sell a bitcoin for more than a bitcoin, or we buy a bitcoin for less than a bitcoin.”
Bailey is not the first to chase this model. The strategy of Michael Saylor (formerly MicroStrategy) transformed from software company in de facto Bitcoin Holdingbedrijf in 2020, have been converted to Cash reserves into Bitcoin and his Shares SkyRock considered Bitcoin.
But Bailey describes his vision as ‘strategy, squared’. Instead of just holding Bitcoin, Nakamoto actively wants to acquire Bitcoin Treasury companies and create in ‘Event Capital Market on the Planet’.
Bailey focused on existing deals in Hong Kong, India, Canada and the United Kingdom. The company is also in conversation with partners in Saudi Aarabia, Bahrain, De Vae, the Netherlands, Taiwan and Argentina.
Bailey’s influence extends beyond the business community. You have visited the White House at least six, you have been performing since Trump, stumble to Trip, just week, according to a well -known person with the case. His role has placed him under the cohort of cryptocurrency experts who advise on digital activist policy.
“I am a huge supporter. I am a believer in him and his family and his administration,” Bailey told CNBC. “The president has realized all the promises he made to the Bitcoin industry … and I am eternally grateful.”
When he was asked about his role, Bailey was clear: “When they are called up and give the best feedback or advice I can on Bitcoin.”
Watch: How Trump was ‘Orange-Pilt’ by three bitcoiners in Puerto Rico
