# Bitcoin Magazine Founder Forms Strategy-Like Bitcoin Holding Company

*Author: Bankless*
*Published: May 12, 2025*
*Source: https://www.bankless.com/de/read/bitcoin-magazine-founder-forms-strategy-like-bitcoin-holding-company*

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Bitcoin Magazine founder David Bailey and Nakamoto merge with KindlyMD, raising $710M to launch a Bitcoin treasury and Nasdaq-listed conglomerate.

## **What’s the Scoop?**
- **Massive Financing**: David Bailey’s Nakamoto Holding Company has raised $710 million through private placements and convertible notes, signaling strong institutional interest.
- **Institutional Backing**: The deal attracted over 200 global investors, including leading institutional players like ParaFi, VanEck, and Actai Ventures.
- **Regulatory Steps**: The merger requires shareholder approval and adherence to Nasdaq compliance, with a new ticker symbol announcement pending.
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