Healthcare services provider KindlyMD merged with Bitcoin-native holding company Nakamoto Holdings to build a BTC treasury.

According to a May 12 announcement, Nakamoto Holdings — a new company founded by David Bailey, a crypto adviser to US President Donald Trump — plans to build the first global network of Bitcoin (BTC) treasury companies in partnership with BTC Inc. Bailey said:

“Traditional finance and Bitcoin-native markets are converging. The securitization of Bitcoin will redraw the world’s economic map. We believe a future is coming where every balance sheet – public or private – holds Bitcoin.”

Long-term, the firm’s plan includes developing an ecosystem of Bitcoin-native companies, including media, advisory and financial services, all aiming to accelerate Bitcoin adoption and utility. The company resulting from the new merger aims to accumulate Bitcoin and grow the BTC held per share.

Related: Trump crypto adviser David Bailey raises $300M for Bitcoin investment firm

Not the first kid on the block

Much like Michael Saylor’s Strategy (formerly MicroStrategy), Nakamoto Holdings plans to leverage equity, debt and other offerings to achieve its objectives. The announcement promises that the company will provide “market exposure to Bitcoin within a compliant, transparent structure.”

Bailey said that Nakamoto Holdings plans to “bring Bitcoin to the center of global capital markets” by integrating it into equity, debt, preferred shares and “new hybrid structures.” He added:

“Our mission is simple: list these instruments on every major exchange in the world.”

This is a developing story, and further information will be added as it becomes available.

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