KindlyMD (KDLY) said Monday it has entered into a definitive merger agreement with Nakamoto Holdings to start a Bitcoin treasury strategy.
Nakamoto is a new holding company founded by David Bailey, who is cryptocurrency adviser to President Donald Trump, according to media reports.
The combined entity will seek to accumulate Bitcoin and grow the amount of Bitcoins owned on a per-share basis via a variety of equity, debt and other offerings, KindlyMD said.
KDLY shares were soaring 676% in recent premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.