KDLY's pre-market stock price pumped 650%, rising from $3.90 to $29.

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According to Mars Finance, Nakamoto Holdings, a Bitcoin-native holding company founded by David Bailey, has announced a merger with medical data company KindlyMD (NASDAQ: KDLY) to form a publicly traded Bitcoin treasury company and complete a $710 million financing, including $510 million in PIPE and $200 million in convertible bonds. This transaction marks the largest Bitcoin treasury startup financing to date. Following the news, KDLY's pre-market stock price rose 650%, from $3.90 to $29. (CoinDesk)

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