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Nakamoto Holdings, a bitcoin-native holding company founded by David Bailey, announced that it will merge with medical data company KindlyMD (NASDAQ: KDLY) to form a public market bitcoin treasury company and complete a $710 million financing, including $510 million in PIPE and $200 million in convertible bonds. The deal finances the largest Bitcoin treasury startup to date. Driven by the news, KDLY shares are up 650% premarket, from $3.90 to $29. (CoinDesk)

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