KDLY pre-market stock price rises 650% from $3.90 to $29
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Nakamoto Holdings, a Bitcoin-native holding company founded by David Bailey, announced a merger with medical data company KindlyMD (NASDAQ: KDLY) to form a public market Bitcoin treasury company and completed a $710 million financing, including a $510 million PIPE and $200 million convertible bonds. This transaction marks the largest Bitcoin treasury startup financing to date. Driven by the news, KDLY's pre-market stock price surged 650%, rising from $3.90 to $29. (CoinDesk)
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