Pitsylymd entered, Inc. deal with Nakamoto Holdings Inc.Bitcoin Holding Company. The deal, announced on May 12, 2025, includes $ 710 million in financing through a set of private position and convertible notes.
The merger will establish a publicly circulated company that focuses on creating a strategy for the Treasury in Bitcoin, where 510 million dollars were raised through a special status in public stocks (PIPE) at $ 1.12 per share and 200 million dollars in convertible notes of the elderly in 2028.
It will be David Billy, founder of BTC Inc. And Nakamoto Holdings, as the CEO of the joint entity. Tim Pickette will continue to manage BidlyMd health care, which includes four clinics throughout Utah, which provides integrated medical services, pain management, and mental health care.
“The vision of Nakamoto is to bring Bitcoin to the global capital market center, fill them in property rights, debt, favorite stocks, and new hybrid structures that every investor can understand and own. Our mission is simple: listed these machines in every exchange in the world,” said David Billy, founder and CEO of Nakamoto.
He continued, “Nakamoto builds the first traded group for the public designed to accelerate this future. The financial institutions that have set their chapter in history have all carried the names of their founders: Medici, Rothschild, Morgan, Goldman. Today, we sculpt this legacy on Nakamoto.”
Pipe financing has attracted more than 200 world investors, including institutional investors such as Actai Ventures, Arrington Capital, BSQ Capital Partners, Kingsway, Off the Chain Capital, Parafi, RK Capital, Van Eck, Yorkville Advisors, along with individuals including Adam Back, Balaji Srinivasan, Lanang and Danny Saller (CO SaWer). Simon Girovic (Metaplanet CEO). Ya II PN, Ltd. It is an investment fund managed by Yorkville Advisors, the only convertible buyer.
Under the agreement, Bidilymd shares will continue to trade on the Nasdaq Stock Exchange under the “Kdly” icon until a new strait code is announced. The Board of Directors of the joint company will consist of six managers appointed by Nakamoto and one of BidlyMd.
The deal includes the assumption of the Nakamoto Marketing Services Agreement with BTC Inc. , Which will provide marketing services related to Bitcoin. BithlyMd clinical processes will maintain their current focus on reducing the use of opiates through integrated health care services.
Integration requires the approval of BistlyMd shareholders and is subject to the conditions of the usual closure. The additional treatment details will be available in a current report on the 8-K to be submitted to SEC.
BTC Inc, the parent company of Bitcoin, affiliated with Nakamoto through joint ownership. BTC Inc also has a contractual relationship with Nakamoto to provide marketing services.
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