Table of Contents

• Coinbase

• KindlyMD

Top Stories Today

Coinbase

Coinbase will join the S&P 500, replacing Discover Financial Services ahead of its acquisition by Capital One. The announcement sent Coinbase shares up 8% in after-hours trading. The company has grown in prominence since its 2021 listing, benefiting from bitcoin's surge and increased institutional involvement in crypto markets. Despite recent volatility and trading below its 2021 peak, Coinbase met the index's profitability criteria with a $65.6 million quarterly profit. The firm also recently announced a $2.9 billion acquisition of Deribit to expand internationally. Coinbase shares remain down for the year despite these developments.

KindlyMD

KindlyMD's stock soared after revealing a merger with Nakamoto Holdings, a bitcoin-focused investment firm led by Trump advisor David Bailey. The deal includes $710 million in financing through convertible notes and a private equity placement. This pivot marks a strategic shift, as KindlyMD plans to expand from healthcare into digital assets, mirroring other firms that have adopted bitcoin as a core treasury strategy. The combined entity aims to build a global network of crypto-related businesses while maintaining its existing opioid treatment services. A rebranding and ticker symbol change are also planned.

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