KindlyMD Shares Uplist To Nasdaq Global Market

KindlyMD (NAKA) announced Friday that its shares have been upgraded to the Nasdaq Global Market from the Nasdaq Capital Market, with trading beginning on the same day under the current ticker.

KindlyMD CEO and Chairman David Bailey said the move marks a “significant milestone” for the company and would drive expanded awareness among a global shareholder base. KindlyMD’s stock rose 2.4% in pre-market trade. On Stocktwits, retail sentiment around the small-cap firm moved higher with ‘extremely bullish’ territory amid ‘extremely high’ levels of chatter. 

The announcement comes within a day of the company completing its merger with Nakamoto Holdings, forming a Bitcoin (BTC)-native holding firm. Nakamoto was founded by David Bailey, a cryptocurrency advisor to President Trump. Bailey will now be CEO and Chairman of the new KindlyMD. Former KindlyMD CEO, Tim Pickett, will manage the company’s healthcare operations as chief medical officer. 

KindlyMD’s stock hit a record high in May after announcing plans to pivot to a Bitcoin-led treasury. Since then, the stock has gained more than 280%. So far this year, the shares have jumped around 1,110%.

At the time, Pickett said that the merger allows the company to preserve and expand its mission to combat opioid dependency through alternative medicine while gaining a new engine for shareholder value creation. “Kindly MD clinics will continue their core healthcare work, while joining a larger vision that aligns with financial innovation and patient-first care,” he said.

Bitcoin’s price hit a record high of over $124,000 earlier this week, but has since pared those gains. In early morning trade, the cryptocurrency had fallen 0.6% over the past day, trading at around $118,500.

Read also: Crypto Selloff Deepens As Bitcoin Drops To $119K, Ethereum Falls Below $4,700 Level

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