Latest news with #BitcoinConference
Business Wire
4 days ago
- Business
- Business Wire
Nakamoto Holdings Appoints Andrew Creighton as Chief Commercial Officer to Lead Global Bitcoin Growth Strategy
NASHVILLE, Tenn.--(BUSINESS WIRE)--Nakamoto Holdings Inc. ('Nakamoto'), a Bitcoin-native holding company, which previously announced its anticipated merger with Kindly MD, Inc. (NASDAQ: NAKA) ('KindlyMD'), today announced the appointment of Andrew Creighton as Chief Commercial Officer. In this role, Andrew will lead Nakamoto's commercial strategy across global markets, including overseeing licensing, partnerships, capital formation, and regional expansion. Andrew is a seasoned operator with deep expertise in scaling international businesses, raising institutional capital, and securing transformational partnerships. He currently serves as Chief Commercial Officer of BTC Inc, publisher of Bitcoin Magazine and host of the annual Bitcoin Conference, where he has been instrumental in helping drive the company's global expansion. Previously, Andrew spent 17 years at VICE Media, where he became Global President. At VICE, he launched the first international edition of VICE in the UK, then founded VICE EMEA, ultimately growing VICE to 35 global markets and a $5.7 billion valuation. Andrew is also the founder of ADVICE, a consulting and investment firm that backs startups focused on human and planetary health. Additionally, he serves as a Patient Representative at NeuBio, a company focused on developing precision diagnostics and therapies for neurological diseases and serves as a board member of The Michael J. Fox Foundation for Parkinson's Research. 'Andrew is a visionary builder whose experience, strategic execution, and business discipline make him a perfect fit for Nakamoto,' said David Bailey, Founder and CEO of Nakamoto Holdings. 'Andrew has led ambitious international expansions and scaled companies through commercial partnerships. I am excited to leverage his expertise and network as we deploy our commercial strategy and grow Bitcoin's exposure in new markets.' Andrew added, 'Bitcoin will reshape the fabric of society across the globe. Governments, institutions and capital markets are recognizing Bitcoin's role in the future of finance. Nakamoto is at the tip of the spear, building the culture, market, and community that will realize this generational movement, and there's nowhere else I'd rather be.' About Nakamoto Nakamoto is a Bitcoin treasury company building a global portfolio of Bitcoin-native companies. Nakamoto plans to establish the first publicly traded conglomerate of Bitcoin companies by accumulating Bitcoin in its treasury and by leveraging its treasury to acquire and develop an ecosystem of Bitcoin companies across finance, media, advisory and more. The company aims to provide commercial and financial infrastructure for the next generation of capital markets. For more information, please visit Forward-Looking Statements All statements, other than statements of historical fact, included in this release that address activities, events or developments that Kindly MD or Nakamoto expects, believes or anticipates will or may occur in the future are forward-looking statements. Words such as 'estimate,' 'project,' 'predict,' 'believe,' 'expect,' 'anticipate,' 'potential,' 'create,' 'intend,' 'could,' 'would,' 'may,' 'plan,' 'will,' 'guidance,' 'look,' 'goal,' 'future,' 'build,' 'focus,' 'continue,' 'strive,' 'allow' or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements include, but are not limited to, statements regarding the proposed merger and related transactions, (collectively, the 'Transactions') the expected closing of the proposed Transactions and the timing thereof and as adjusted descriptions of the post-transaction company and its operations, strategies and plans, integration, debt levels and leverage ratio, capital expenditures, cash flows and anticipated uses thereof, synergies, opportunities and anticipated future performance, including the management team and board of directors of the combined company and expected use of proceeds from the Transactions, and any post-closing transactions contemplated between the combined company and BTC Inc (and/or UTXO, LLC through BTC Inc). Information adjusted for the proposed Transactions should not be considered a forecast of future results. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this release. These include the risk that Kindly MD and Nakamoto businesses (which may include the businesses of BTC Inc and/or UTXO in the future, as applicable) will not be integrated successfully and the risk that Kindly MD or the applicable governing bodies of BTC Inc and/or UTXO may not pursue or approve the terms of an acquisition of BTC Inc and/or UTXO; the risk that cost savings, synergies and growth from the proposed transaction may not be fully realized or may take longer to realize than expected; the possibility that shareholders of Kindly MD may not approve the issuance of new shares of Kindly MD common stock in the Transactions or that shareholders of Kindly MD may not approve the Transactions; the risk that a condition to closing of the Transactions may not be satisfied, that either party may terminate the merger agreement, the subscription agreements of the convertible debt purchase agreement or that the closing of the Transactions might be delayed or not occur at all; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the Transactions; the parties do not receive regulatory approval of the Transactions; the occurrence of any other event, change, or other circumstances that could give rise to the termination of the merger agreement relating to the Transactions; the risk that changes in Kindly MD's capital structure and governance could have adverse effects on the market value of its securities; the ability of Kindly MD and Nakamoto to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on Kindly MD and Nakamoto's operating results and business generally; the risk the Transactions could distract management from ongoing business operations or cause Kindly MD and/or Nakamoto to incur substantial costs; the risk that Kindly MD may be unable to reduce expenses or access financing or liquidity; the impact of any related economic downturn; the risk of changes in governmental regulations or enforcement practices; and other important factors that could cause actual results to differ materially from those projected. All such factors are difficult to predict and are beyond Kindly MD's and Nakamoto's control, including those detailed in Kindly MD's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and such other documents of Kindly MD filed, or to be filed, with the SEC that are or will be available on Kindly MD's website at and on the website of the SEC at All forward-looking statements are based on assumptions that Kindly MD and Nakamoto believe to be reasonable but that may not prove to be accurate. Any forward-looking statement speaks only as of the date on which such statement is made, and neither Kindly MD or Nakamoto undertakes any obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
Arabian Post
5 days ago
- Business
- Arabian Post
Tether Targets Top Spot Among Bitcoin Miners
Tether chief executive Paolo Ardoino has pledged to catapult the company into the position of the world's leading Bitcoin miner by the end of 2025, asserting that crypto‑mining is key to safeguarding its $10 billion‑plus Bitcoin reserves. He outlined a sweeping strategy centred on large‑scale investment in mining and energy infrastructure across Latin America. Ardoino said Tether has already channelled upwards of $2 billion into mining and energy systems and is now accelerating deployment. While the company's precise hash‑rate remains confidential, executives emphasise that their investment reflects both scale and strategic intent. The mining push forms part of a broader financial architecture designed to secure the firm's Bitcoin holdings and further embed it within the Bitcoin ecosystem. The announcement emerged at the Bitcoin Conference in Las Vegas, where Ardoino noted Tether's robust earnings—reporting a $13 billion profit in 2024—and a sizeable portfolio of U.S. Treasuries. He revealed the firm holds more than 100,000 BTC and hinted that the mining operation will leverage renewable energy sources supporting its underlying reserves. ADVERTISEMENT Tether is concurrently preparing to open‑source its Bitcoin Mining Operating System, which the company says will democratise mining by enabling participants ranging from individual Raspberry Pi setups to large‑scale farms to connect into secure point‑to‑point networks. The move is intended to broaden participation, enhance resilience of the Bitcoin network, and solidify Tether's position as a leader in infrastructure innovation. Energy infrastructure forms a crucial part of Tether's strategy. Ardoino highlighted investments across Latin America in renewable energy projects, including substantial commitments in Uruguay and El Salvador, where Tether relocated its headquarters and backs geothermal initiatives through a project known as Volcano Energy. These investments reflect a dual focus: securing clean, reliable power for mining and contributing to regional energy resilience. The strategic rationale centres on mitigating the risks of holding large Bitcoin reserves. Mining, Ardoino explained, provides not only operational control but also reinforces financial sovereignty, anchoring assets within a secured blockchain‑based ecosystem. By internalising hash‑rate and power sources, Tether aims to shield its holdings from external dependency and volatility. Security considerations have informed the launch of MOS. As a decentralised architecture, the system allows devices to operate without reliance on central servers, reducing vulnerability to single‑point failures or third‑party disruptions. Looking ahead, Tether plans to integrate artificial‑intelligence tools into MOS to monitor performance and optimise operations in real time. Tether's move into open‑source mining software dovetails with its broader tech ambitions. Ardoino introduced QVAC, an AI platform that uses non‑custodial wallets, and unveiled plans for a Bitcoin‑centric wallet developed with Rumble. These projects underscore Tether's strategy to embed Bitcoin deeper into digital finance and expand its ecosystem services. Market observers note that Tether's mining ambition places it in direct competition with publicly traded mining firms. Although exact hashrate figures are absent, the scale of investment and reserve holdings suggest that surpassing existing miners is credible by late 2025. Tracking progress will require scrutiny of deployment timelines and performance metrics, which Tether has declined to specify. Financial analysts regard Tether's diversified asset approach—spanning Bitcoin, gold and U.S. Treasuries—as a deliberate hedge strategy. The large Bitcoin reserves, reportedly worth over $10 billion, alongside substantial gold and treasury holdings, underpin a multifaceted capital structure. By converting passive holdings into active mining assets, Tether aims to generate operational yield and enhance asset security. Critics of large‑scale corporate mining warn of environmental strains and centralisation risks. Tether's emphasis on renewable energy uptake and decentralised software architecture reflects an attempt to mitigate these concerns. If MOS and energy projects deliver as promised, the model may provide a template for sustainable, corporate-scale participation in Bitcoin mining. Next steps include the public release of MOS, scheduled for later in 2025, alongside scaling up of energy infrastructure across targeted Latin American sites. Close monitoring of mining output, energy efficiency, and systems performance will determine whether Tether's pledge translates into actual dominance in global Bitcoin mining.
Business Wire
18-06-2025
- Business
- Business Wire
Nakamoto Holdings Appoints Tyler Evans as Chief Investment Officer to Lead Bitcoin-Native Capital Deployment
NASHVILLE, Tenn.--(BUSINESS WIRE)--Nakamoto Holdings Inc. ('Nakamoto'), a Bitcoin-native holding company, which previously announced its anticipated merger with Kindly MD, Inc. (NASDAQ: NAKA) ('KindlyMD'), today announced the appointment of Tyler Evans as Chief Investment Officer. Building on his six-year track record at UTXO Management, Tyler will lead the strategy and execution of Nakamoto's Bitcoin reserve deployment by originating and structuring deals across capital markets to grow the company's balance sheet and drive long-term shareholder value. Tyler brings over a decade of experience building Bitcoin-native financial infrastructure. He is a Co-Founder and Chief Investment Officer of UTXO Management, a thesis-driven, high-conviction investment firm focused on the Bitcoin ecosystem and ranked as the fifth best-performing single-manager hedge fund in 2024 by HFR. He has led capital deployment across both early-stage venture and hedge fund strategies, building one of the most active investment portfolios in the Bitcoin industry. Tyler is also a Co-Founder of BTC Inc, publisher of Bitcoin Magazine and host of the annual Bitcoin Conference. While Tyler will continue in his leadership role at UTXO Management, his appointment as CIO of Nakamoto Holdings reflects a distinct mandate to advance Nakamoto's capital strategy and long-term vision. His active presence across both organizations brings valuable perspective and network synergies that ultimately serve the interests of shareholders of both firms. 'Tyler has been a cornerstone of Bitcoin's story from the very beginning – from media and venture to asset management and public market strategy,' said David Bailey, Founder and CEO of Nakamoto. 'In addition to being a world-class investor, Tyler is a mission-driven leader with deep conviction in Bitcoin and the global experience to back it up. Bringing him on as CIO sets the tone for the bold, Bitcoin-native, and uncompromising future we are building at Nakamoto.' Tyler added, 'Joining Nakamoto presents an opportunity to redefine how institutional capital interacts with Bitcoin. We are entering an era where Bitcoin is powering corporate growth, treasury management, and global investment strategy. I am thrilled to join David and the Nakamoto team as we help shape that future alongside UTXO Management.' Tyler currently serves on the boards of Metaplanet Inc. (3350:TSE), Smarter Web Company ( and Matador (TSX:MATA.V), and LX Research. In addition to his investing work, Tyler mentors early-stage founders through the Bitcoin Startup Lab and Draper BitcoinFi Accelerator, shaping the next generation of innovation across the Bitcoin ecosystem. About Nakamoto Nakamoto is a Bitcoin treasury company building a global portfolio of Bitcoin-native companies. Nakamoto plans to establish the first publicly traded conglomerate of Bitcoin companies by accumulating Bitcoin in its treasury and by leveraging its treasury to acquire and develop an ecosystem of Bitcoin companies across finance, media, advisory and more. The company aims to provide commercial and financial infrastructure for the next generation of capital markets. For more information, please visit Forward-Looking Statements All statements, other than statements of historical fact, included in this release that address activities, events or developments that Kindly MD or Nakamoto expects, believes or anticipates will or may occur in the future are forward-looking statements. Words such as 'estimate,' 'project,' 'predict,' 'believe,' 'expect,' 'anticipate,' 'potential,' 'create,' 'intend,' 'could,' 'would,' 'may,' 'plan,' 'will,' 'guidance,' 'look,' 'goal,' 'future,' 'build,' 'focus,' 'continue,' 'strive,' 'allow' or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements include, but are not limited to, statements regarding the proposed merger and related transactions, (collectively, the 'Transactions') the expected closing of the proposed Transactions and the timing thereof and as adjusted descriptions of the post-transaction company and its operations, strategies and plans, integration, debt levels and leverage ratio, capital expenditures, cash flows and anticipated uses thereof, synergies, opportunities and anticipated future performance, including the management team and board of directors of the combined company and expected use of proceeds from the Transactions, and any post-closing transactions contemplated between the combined company and BTC Inc (and/or UTXO, LLC through BTC Inc). Information adjusted for the proposed Transactions should not be considered a forecast of future results. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this release. These include the risk that Kindly MD and Nakamoto businesses (which may include the businesses of BTC Inc and/or UTXO in the future, as applicable) will not be integrated successfully and the risk that Kindly MD or the applicable governing bodies of BTC Inc and/or UTXO may not pursue or approve the terms of an acquisition of BTC Inc and/or UTXO; the risk that cost savings, synergies and growth from the proposed transaction may not be fully realized or may take longer to realize than expected; the possibility that shareholders of Kindly MD may not approve the issuance of new shares of Kindly MD common stock in the Transactions or that shareholders of Kindly MD may not approve the Transactions; the risk that a condition to closing of the Transactions may not be satisfied, that either party may terminate the merger agreement, the subscription agreements of the convertible debt purchase agreement or that the closing of the Transactions might be delayed or not occur at all; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the Transactions; the parties do not receive regulatory approval of the Transactions; the occurrence of any other event, change, or other circumstances that could give rise to the termination of the merger agreement relating to the Transactions; the risk that changes in Kindly MD's capital structure and governance could have adverse effects on the market value of its securities; the ability of Kindly MD and Nakamoto to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on Kindly MD and Nakamoto's operating results and business generally; the risk the Transactions could distract management from ongoing business operations or cause Kindly MD and/or Nakamoto to incur substantial costs; the risk that Kindly MD may be unable to reduce expenses or access financing or liquidity; the impact of any related economic downturn; the risk of changes in governmental regulations or enforcement practices; and other important factors that could cause actual results to differ materially from those projected. All such factors are difficult to predict and are beyond Kindly MD's and Nakamoto's control, including those detailed in Kindly MD's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and such other documents of Kindly MD filed, or to be filed, with the SEC that are or will be available on Kindly MD's website at and on the website of the SEC at All forward-looking statements are based on assumptions that Kindly MD and Nakamoto believe to be reasonable but that may not prove to be accurate. Any forward-looking statement speaks only as of the date on which such statement is made, and neither Kindly MD or Nakamoto undertakes any obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
Time of India
15-06-2025
- Business
- Time of India
What if Pakistan does mine its own crypto? There are 3 problems with its plan
'Pakistan is no longer defined by its past,' announced Bilal Bin Saqib at the Bitcoin Conference in Las Vegas in May. He's the special assistant to Pakistan's prime minister, for crypto and blockchain. 'It is being reborn as a forward-looking hub of digital innovation.' That 'forward' movement, he added, is the Pakistan government's plan to build a stash of bitcoins as its sovereign reserve — like an emergency plan is inspired by the US, which under its president Donald Trump has set up a strategic bitcoin reserve and digital asset stockpile — not for sale or transactions but as reserve assets for ' national prosperity '. And Saqib, Pakistan's crypto 'tsar', has been engaging with American policymakers about how to get it done.
Yahoo
10-06-2025
- Business
- Yahoo
Trump and Crypto Are Now in Perfect Alignment
The Atlantic Daily, a newsletter that guides you through the biggest stories of the day, helps you discover new ideas, and recommends the best in culture. Sign up for it here. The world of crypto can feel impenetrable. The basic technology is complicated enough, but the subculture—with its own particular argot and decorum—is what's truly forbidding. Even if you're not quite ready to figure out what DePIN or zk-SNARKs are, you can get a solid glimpse into the industry right now just by looking at the lineup of the 2025 Bitcoin Conference, held late last month in Las Vegas. Speakers included goofball meme-coin boosters, good-hearted cypherpunks, crypto podcasters with names such as 'Gwart,' and an army of Wall Street execs who seem to have waited until bitcoin hit $100,000 to give the whole crypto thing a shot. There were also a whole lot of MAGA acolytes. Vice President J. D. Vance, the eldest Trump sons, and the White House crypto czar David Sacks all gave speeches that coalesced around a unifying theme: Trump and crypto are meant for each other. 'What's going on here in this very room, at this very conference, that's the financial side of everything we've been fighting for on the free-speech side,' Don Jr. said during a conversation with the CEO of Rumble, a social-media platform favored by right-wing users. 'They're inextricably linked.' In other words, the message was that Trump cares deeply about the kinds of civil-libertarian ideas that the bitcoin world has long touted. It's a convenient narrative, a lofty way of explaining this once very bitcoin-skeptical president's sudden embrace of crypto. At least, it's one that transcends sheer self-enrichment: In the past year, members of the Trump family have launched two meme coins and announced a majority stake in a new crypto firm, World Liberty Financial. As I've previously written, crypto is quickly becoming the Trump family business: Last month, the president hosted the biggest investors in his $TRUMP coin for a private dinner at his golf course outside Washington, D.C. But the linkages between Trump and crypto run deeper than just a couple of business investments. His White House has also ushered in a starkly pro-crypto agenda—rolling back regulations and dropping lawsuits to punish alleged crypto wrongdoing. The same week that Don Jr. spoke at the Bitcoin Conference, the Department of Labor eased a Biden-era guidance that made it difficult for Americans to invest their 401(k) plans in crypto because digital currencies can be volatile and prone to hacks. In cutting this language, regulators are taking away a guardrail, encouraging more investment in crypto. This, in turn, could boost the price of bitcoin and other coins, which is a boon to Trump's own enterprises. It always comes back to the president himself: Trump's crypto ambitions are as much about public policy as they are about his own meme coins. Crypto has become the glue that binds together so much of what the president and his administration are doing. Consider Trump Media & Technology Group, best-known as the parent company of his social-media app, Truth Social. Trump Media didn't start as a crypto business, but now it's pivoting to crypto. Late last month, Trump Media announced that it would raise money to purchase $2.5 billion in bitcoin, effectively creating a corporate bitcoin reserve. Why? 'We view bitcoin as an apex instrument of financial freedom,' Devin Nunes, the CEO of Trump Media and a former Republican congressman, said in a statement. Putting the pseudo-utopian language aside, such a bitcoin reserve mostly just serves to tie the price of Trump Media's stock, $DJT, to the price of bitcoin writ large. A multibillion-dollar investment is unreservedly good for crypto, but it's also good for the Trump family, because much of the president's own net worth is now tied up in crypto assets. (Neither the White House nor the Trump Media & Technology Group responded to my requests for comment.) Perhaps the idea of a bitcoin reserve sounds familiar. It explicitly mirrors the White House's announcement of a 'Strategic Bitcoin Reserve' in March, as part of a broader effort to make the U.S. a global leader in crypto. Both serve the same function: Such large-scale institutional investment in crypto—whether from the government or a company—further legitimizes these digital currencies, ensuring their long-term viability as an asset class. Trump's campaign to promote crypto and juice the price of these coins is in essence two-pronged: Once the White House sets its agenda, the Trump family's private-sector business can back it. Trump was all about pro-crypto policy even before he began launching his raft of crypto businesses. His campaign promise to fire Biden's top crypto cop, Securities and Exchange Commission Chair Gary Gensler, helped pull in donations from industry heavyweights. Especially after the downfall of Sam Bankman-Fried, Gensler was focused on prosecuting individual crypto companies—a policy now derisively referred to as 'Operation Choke Point 2.0' (a nod to the Obama-era initiative that put pressure on banks to stop working with payday lenders, pawn shops, and certain other businesses). During his keynote speech at the Bitcoin Conference, Vance put it bluntly: 'Operation Choke Point 2.0 is dead, and it's not coming back under the Trump administration.' Indeed, the administration has dropped more than a dozen lawsuits and investigations against crypto firms. And as Trump's second term has gone on, the distinctions between what's pro-Trump and what's pro-crypto have blurred together, approaching something like a singularity. In MAGA cosmology, crypto, Trump, and America now exist in perfect alignment—what's good for one is good for the others. While Trump talks about bringing back manufacturing jobs to the U.S., the Trump sons are running a crypto-mining company called American Bitcoin and Trump Media is throwing its weight behind 'Made in America' crypto investment funds. After firing many of the top regulators responsible for keeping crypto in check, Trump has cleared the way for major cash injections throughout the crypto industry—including, of course, in his own businesses. The pretense for the regulatory rollbacks and Trump's personal crypto investments is the same: It benefits America. The irony is that cryptocurrencies were supposed to be a form of protection against exactly this sort of connection to the state. Bitcoin was invented as a way to privately transfer money online, with the ambitious goal of creating a new financial order outside the purview of the international monetary regime, uncontrolled by any government. (After all, the technical basis for crypto is known as 'decentralization.') In loosening crypto restrictions that benefit the industry (and Trump himself), Trump is manifesting the old crypto dream of a new financial order. But far from being faceless and decentralized, the very concept of crypto is starting to reflect the image of just one man. Article originally published at The Atlantic
