Shareholders at KindlyMD agreed to the merger with a Bitcoin company linked to Donald Trump.

KindlyMD, Inc. got shareholder buy-in to merge with Nakamoto Holdings, a business founded by advisor David Bailey, who aided Donald Trump on crypto issues.

According to a May 20 statement, both sides will share information with the U.S. Securities and Exchange Commission (SEC) prior to completing the merger. Sharing the filing will allow the deal to close in Q3 2025, 20 days after KindlyMD shareholders have the information.

A View on Buyer Reactions and How a Merger Should Be Executed

Shares of KindlyMD (KDLY) rose after the announcement. KDLY ended trading on May 20 up 9%, closing at $15.22 and afterward it rose another 4.8% when the merger news was released. Until now, the stock has jumped up nearly 980%.

Originally agreed on May 12, the merger aims to bring together tools for Bitcoin businesses such as equity, debt, and special support. Buying bitcoin is one way the merged firm plans to boost its treasury reserves.

The rate of companies buying bitcoin has surged.

Like many other companies, KindlyMD is buying Bitcoin which points to a wider increase in corporate Bitcoin purchases. River, a Bitcoin investment company, reports that public firms have overtaken retail and ETF buyers when it comes to buying BTC.

On May 20, Strive and its founder, ex-U.S. presidential candidate Vivek Ramaswamy, planned to buy Bitcoin claims from the old Mt. Gox exchange.

Additionally, Strategy (formerly MicroStrategy) disclosed on May 19 the purchase of 7,390 BTC for $765 million. However, its executives are now facing a class-action lawsuit alleging misrepresentation of the firm’s Bitcoin strategy.

Earlier this month, stablecoin issuer Tether made headlines after buying $459 million worth of BTC on behalf of Twenty One Capital, a Bitcoin investment firm supported by Tether. That firm is currently preparing for a SPAC merger with Cantor Equity Partners.

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