PANews reported on May 22 that according to official news, Nakamoto Holdings, a Bitcoin-native holding company founded by David Bailey, KindlyMD (KDLY), a Nasdaq-listed company, and Anchorage Digital, a licensed digital asset bank, announced a strategic Bitcoin partnership. After the merger between Nakamoto and KindlyMD is completed, Anchorage Digital will serve as a custody and trading service provider to support KindlyMD's Bitcoin fund reserve plan.

This cooperation is based on the $710 million financing agreement reached by the two parties (including $510 million PIPE financing), setting a record for the largest PIPE in the public market in the crypto field. David Bailey, founder of Nakamoto, said that the goal is to incorporate Bitcoin into a compliant and transparent corporate financial framework, and Anchorage Digital's institutional-grade custody and trading infrastructure will ensure the security of assets.

Earlier on May 12, it was reported that David Bailey and his company Nakamoto raised US$710 million and merged with KindlyMD to build a Bitcoin vault .