Kenkenlymd Inc. (KDLY), an integrated healthcare provider, has accepted to merge with Nakamoto Holdings, a Bitcoin native founded by David Bailey to form a listed BTC Treasury Vehicle, the company said in a press release on Monday.

The total unit has secured a total of $ 710 million in financing, $ 510 million via pipes, price at $ 1.12 per year. Share and consisting of common shares and warrants in friendly and $ 200 million in convertible banknotes, making it the largest capital increase to launch a Bitcoin taxi so far.

Nakamotos/Bailey’s strategy centered on accumulating Bitcoin and growing BTC holdings per Share through equity, debt and structured offers, says release.

Bitcoin Treasury vehicles are becoming increasingly popular when crypto enters the financial mainstream. Strive Asset Management said last week that it merged with NASDAQ-listed activated units (ASST) to become a listed Bitcoin Treasury Company.

The Nakamoto tube attracted over 200 global investors, including Vaneck, Parafi, Arrington Capital and Crypto figures such as Adam Back and Balaji Srinivasan, the company says.

Kendymd will continue his health operations under CEO Tim Pickett, while Bitcoin Treasury is working shifts under Nakamoto’s leadership.

The merger is subject to shareholder approval and regulatory approval with a new name and ticker to follow.

KDLY shares are soaring in premarket actions, in front of 650% to $ 29 against Friday’s end of $ 3.90.

Read more: Bitcoin to see additional $ 330B of corporate school flow in 2029: Bernstein

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