Nakamoto, led by David Bailey, has completed its business combination with KindlyMD to form the Nakamoto Bitcoin Treasury. The newly formed entity, trading under the ticker $NAKA, has secured $540 million in existing private investment in public equity (PIPE) funding and plans to raise an additional $200 million through a convertible note offering. This funding positions Nakamoto Bitcoin Treasury among the top 15 Bitcoin treasury companies. Since the merger announcement, $NAKA's stock has increased by 100% over the week. The merger and funding efforts have been recognized as positive developments for the Bitcoin ecosystem.