Nakamoto Holdings Inc., KindlyMD, Inc., and Anchorage Digital today declared a strategic alliance that will designate Anchorage as a trading associate for KindlyMD’s Bitcoin treasury. This collaboration will commence officially upon the conclusion of KindlyMD’s merger with Nakamoto, anticipated in Q3 2025.
Anchorage Digital, a federally chartered digital asset bank in the U.S., will offer institutional-grade custody, round-the-clock trading, and ample liquidity to bolster the Bitcoin strategy of the newly formed entity.
“In the not-so-distant-future, failing to include Bitcoin on a balance sheet will be more prominent than having it,” remarked Nathan McCauley, CEO and Co-Founder of Anchorage Digital. “Until that time arrives, firms like Nakamoto-KindlyMD are forging a new direction—one where Bitcoin occupies a central role in corporate strategy.”
The merger involving KindlyMD and Nakamoto enjoys the support of roughly $710 million in funding, counting $510 million in PIPE financing—the largest PIPE for a public crypto-related arrangement ever recorded. The aim is to create a Bitcoin-native corporate treasury strategy that transforms the interaction between capital markets and digital assets.
“Our objective is to position Bitcoin at the core of global capital markets through a compliant and transparent framework,” stated David Bailey, Founder and CEO of Nakamoto Holdings Inc. “We are thrilled to collaborate with Anchorage Digital to actualize our vision with the utmost security and established infrastructure, allowing us to deliver ongoing value to shareholders.”
This announcement follows a significant milestone on May 18, when KindlyMD stockholders endorsed the proposed merger with Nakamoto. The transaction is currently anticipated to finalize in Q3 2025, subject to SEC review and information statement dissemination.
“This achievement brings us closer to realizing Bitcoin’s potential for KindlyMD shareholders,” Bailey expressed yesterday. “We are thankful that KindlyMD shares our vision for a future where Bitcoin is a fundamental component of the corporate balance sheet.”
With its Bitcoin-first approach and strategic collaborations, the Nakamoto-KindlyMD partnership is poised to enhance institutional Bitcoin adoption—and with Anchorage Digital’s infrastructure supporting it, the foundation is now firmly established.
“By partnering with Anchorage Digital, we are executing our Bitcoin treasury strategy with the highest standards of safety and security for our stakeholders,” articulated Tim Pickett, CEO of KindlyMD. “Their institutional-grade platform empowers us to confidently hold Bitcoin as a treasury asset as we aim to unlock access to Bitcoin and generate long-term value.”
Disclosure: Nakamoto collaborates with Bitcoin Magazine’s parent company BTC Inc to develop the first global network of Bitcoin treasury firms, where BTC Inc provides certain marketing services to Nakamoto. Further details on this can be found here.
