Stocks rallied higher Monday after the U.S. and China agreed to a temporary trade truce. But one small stock jumped more than any other… and it had nothing to do with China.
KindlyMD (KDLY), a small healthcare company based in Utah, surged 251%, making it the biggest gainer for that day.
The triple-digit rally comes on the heels of a surprise merger with a new bitcoin-focused investment firm led by someone with close ties to President Trump.
The company announced it will merge with Nakamoto Holdings Inc., a holding company launched last week by David Bailey who is a former crypto advisor to Trump’s 2024 campaign.
The combined business will shift away from healthcare and toward a strategy focused on holding bitcoin and building out a broader bitcoin investment platform.
“This is the first step in Nakamoto’s vision for an ecosystem of Bitcoin-native companies,” the company said in a statement, “including media, advisory, and financial services, that exist to accelerate Bitcoin adoption and utility.”
Bailey also owns BTC, a media company that focuses on bitcoin. He launched Nakamoto Holdings just days ago after raising $300 million.
From clinics to crypto
The plan now is for the merged company to buy and hold bitcoin, earn a return from it, and eventually launch new financial products based around it. The deal is backed by $510 million from private investors and $200 million in debt.
Bailey says this is part of a bigger shift happening across finance. “Traditional finance and bitcoin-native markets are converging,” he said. “The securitization of bitcoin will redraw the world’s economic map.”
He also believes that one day, every public and private company will hold bitcoin and Nakamoto wants to be the first to lead that shift.
KindlyMD is still a small player in the healthcare world. In the first quarter of 2025, it brought in just under $580,000 in revenue — down 30% from the same time last year — and reported a loss of $1.04 million.
That’s nearly triple its Q1 loss from 2024, according to the recent earnings report.
“This merger represents a strategic leap for KindlyMD,” said CEO Tim Pickett. “Nakamoto brings in a team with deep expertise in bitcoin strategy and access to the leading experts in Bitcoin treasury management. It's a bold new vision that will drive long-term value for our shareholders.”
Pickett will stay on to run KindlyMD’s healthcare operations. Bailey will take over as CEO of the combined company. Nakamoto will appoint six of the seven members to the new board.
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