SALT LAKE CITY — KindlyMD, Inc., a healthcare services company, officially changed its Nasdaq ticker symbol from “KDLY” to “NAKA” on Friday, marking a significant step in its planned merger with Bitcoin-native firm Nakamoto Holdings Inc.
The company’s tradable warrants also adopted new symbols, switching from “KDLYW” to “NAKAW.” The changes reflect KindlyMD’s strategic shift toward incorporating a Bitcoin treasury strategy as part of its evolving business model.
The move comes after the merger agreement with Nakamoto received approval from both KindlyMD’s majority shareholders and the Utah Department of Commerce. The company is now authorized to operate under the Nakamoto name.
“KindlyMD’s new ticker pays homage to Satoshi Nakamoto, the creator of Bitcoin,” said David Bailey, CEO of Nakamoto Holdings. “We believe the Nakamoto name will become as iconic in the financial world as historic institutions of the past.”
Tim Pickett, CEO of KindlyMD, highlighted the merger as a convergence of healthcare and digital finance. “This ticker change symbolizes our commitment to innovation and long-term growth by uniting our patient-first healthcare approach with Nakamoto’s Bitcoin expertise,” Pickett said.
The transition to “NAKA” and “NAKAW” became effective May 23, 2025. The company stated that no action is required by existing shareholders in response to the symbol change.
