MIAMI, June 26, 2025 /PRNewswire/ -- Global law firm Reed Smith LLP is pleased to announce its role as legal counsel to ProCap BTC, LLC ("ProCap BTC"), a bitcoin-native financial services firm, in connection with its proposed business combination with Columbus Circle Capital Corp. I (NASDAQ: CCCM), a special purpose acquisition company. The combined public company is expected to operate as ProCap Financial, Inc. ("ProCap Financial") upon the closing of the transactions. ProCap Financial aims to become the leading financial services firm at the intersection of bitcoin and traditional finance. In connection with the business combination, the parties raised over $750 million from leading institutional and bitcoin-native investors--the largest initial fundraise in history for a public bitcoin treasury company. The capital raise was comprised of $516.5 million in preferred equity securities of ProCap BTC and $235 million in commitments for senior secured convertible notes of ProCap Financial. The preferred equity raise funded at the signing of the definitive documents and the convertible note raise will fund at the closing of the proposed transactions. aAdsList.push('Article'); aAdsListSize.push([300, 250]); aAdsListCA.push(null); The transaction structure provides preferred equity investors with immediate exposure to bitcoin, since ProCap BTC agreed to purchase bitcoin with the proceeds of the equity raise within 15 days of signing the definitive documents.Anthony Pompliano, ProCap BTC's founder and chief executive officer, will serve as the chief executive officer of ProCap Financial upon the closing of the proposed transactions. "This deal marks a defining moment in the institutional adoption of bitcoin, which is no longer viewed as speculative but a core strategic asset for public and pre-public companies alike," said Constantine Karides, chair of Reed Smith's Crypto and Digital Assets Group. "ProCap's approach–combining sophisticated capital execution with bitcoin-native strategies–exemplifies how the next generation of financial services will be built. We're proud to help pioneers like Anthony Pompliano bring financial innovation to the public markets in a way that's both compliant and catalytic for the next era of asset management." The Reed Smith team was led by Karides, along with capital markets partners Katherine Geddes and Lynwood Reinhardt. Reed Smith recently served as legal counsel on Trump Media and Technology Group Corp.'s groundbreaking $2.5 billionbitcoin treasury deal and the merger between health care company KindlyMD, Inc. and Nakamoto Holdings Inc., a bitcoin-native holding company, to start a bitcoin treasury strategy.About Reed Smith LLP Reed Smith is a global law firm dedicated to helping clients navigate the intersection of innovation, finance, and regulation. With over 1,500 lawyers across 30 offices worldwide, Reed Smith is a trusted advisor to financial institutions, emerging ventures, and market leaders in digital assets and blockchain technologies. View original content:https://www.prnewswire.com/news-releases/reed-smith-advises-anthony-pomplianos-procap-btc-in-1-billion-business-combination-with-columbus-capital-corp-i-302492551.html SOURCE Reed Smith LLP

MIAMI , June 23, 2025 /PRNewswire/ -- Global law firm Reed Smith LLP is pleased to announce its role as legal counsel to entrepreneur and investor Anthony Pompliano and his company ProCap BTC, LLC in connection with a transformative $750 million capital raise and business combination that will form ProCap Financial, Inc. – the largest initial fundraise in history for a bitcoin treasury company. ProCap Financial will be created through a business combination between ProCap BTC and Columbus Circle Capital I (NASDAQ: CCCM), a Cayman Islands-based SPAC sponsored by leading investment bank Cohen & Company, Ltd.

SALT LAKE CITY--(BUSINESS WIRE)--KindlyMD, Inc. (NASDAQ: NAKA) (NASDAQ: KDLY) (“KindlyMD” or the “Company”), a leading provider of integrated healthcare services, today announced it has changed its ticker from “KDLY” to “NAKA” on the Nasdaq Stock Exchange. The ticker for the Company's tradable warrants has also been changed from “KDLYW” to “NAKAW”. The Company's common stock and warrants will begin trading under the new tickers beginning today, Friday, May 23, 2025. The change reflects the Comp.

Anchorage Digital to become the exclusive custodian and trading partner SALT LAKE CITY, UT / ACCESS Newswire / May 21, 2025 / Nakamoto Holdings Inc. ("Nakamoto"), Kindly MD, Inc. (NASDAQ:KDLY) ("KindlyMD"), and Anchorage Digital today announced a strategic partnership to advance the future of corporate Bitcoin adoption. Through this partnership, Anchorage Digital, home to the only U.S. federally chartered digital asset bank, will provide exclusive custody and trading services to KindlyMD for its Bitcoin treasury operations once the merger with Nakamoto closes.

SALT LAKE CITY--(BUSINESS WIRE)--KindlyMD, Inc. (NASDAQ:KDLY, “KindlyMD”), a leading provider of integrated healthcare services, today announced that on May 18, 2025, holders of a majority of the outstanding common stock of KindlyMD delivered a written consent approving the proposed merger agreement and related transactions with Nakamoto Holdings Inc. (“Nakamoto”), a Bitcoin-native holding company. In connection with the transaction, the parties will prepare and file an information statement wi.

Live Updates Live Coverage Has Ended Wall Street's Tariff Warning 2:29 pm by Gerelyn Terzo Goldman Sachs has published a note, warning that there is still another shoe yet to drop in the trade wars. The Wall Street firm still predicts the fallout from the tariff wars to be significant despite the progress made between the U.S. and Beijing. The firm wrote: “The large reduction in the U.S. tariff rate on China should only have a limited impact on the overall U.S. effective tariff rate. After accounting for a reduction of that magnitude, the full set of U.S. tariffs would still be considerably higher and broader than expected by markets at the start of the year.” Economic Data 11:29 am by Gerelyn Terzo A bevy of economic data is also due out this week, which could influence the direction of stocks, especially after the Q1 GDP slowdown. On Tuesday, the latest CPI data will be released, a key inflation gauge for the economy. In March, the CPI index fell by a surprising 0.1%. Additionally, retail sales are due out on Thursday. Winners & Losers 10:03 am by Gerelyn Terzo NRG Energy (NYSE: NRG) is gaining 14% today after surpassing Q1 earnings estimates. In a bullish sign for natural gas, NRG also announced it would acquire the LS Power Portfolio in a whopping $12 billion transaction. Newmont Mining (NYSE: NEM) is losing 5% on a falling gold price as investors flee the precious metal for equities in response to the U.S. and China trade talk success. J.B. Hunt Transport (Nasdaq: JBHT) is rising 10.2% today. Transportation stocks are often viewed as a barometer for economic activity. Dividend stock Altria Group (NYSE: MO) is off 3.2% on the day. This article will be updated throughout the day, so check back often for more daily updates. A China-U.S. trade agreement has unleashed the stock market bulls, leading to a 1,000-point advance in the Dow Jones Industrial Average. Technology stocks are among the top performers, sending the Nasdaq Composite soaring by 3.8% and the S&P 500 higher by 2.7%. Magnificent Seven stocks are joining in on today’s rally, while nearly all sectors of the economy are flashing green. The SPY ETF is adding 2.5% today as the broader market narrows its year-to-date decline to 1.3%. After concluding delicate negotiations over the weekend, the White House and Beijing officials have reached a temporary deal to lower the lofty tariffs, giving the markets enough details for a risk-on rally. Treasury Secretary Scott Bessent described a strategic decoupling from basic items made by China, agreeing to suspend tariffs for 90 days with the nation except for a wider-based 10% levy threshold. KindlyMD (Nasdaq: KDLY) is up a staggering 573% on this Merger Monday. The company announced a business combination with bitcoin investment firm Nakamoto, a company founded by President Trump’s crypto advisor David Bailey. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 984.04 (+2.4%) Nasdaq Composite: Up 589.93 (+3.2%) S&P 500: Up 140.86 (+2.5%) Wall Street Analyst Moves UBS has reiterated its “buy” rating on Nvidia (Nasdaq: NVDA) shares head of the AI leader’s quarterly earnings report later this month but lowered the price target to $175 from $180 per share. Jefferies has upgraded shares of hotel stock Marriott (Nasdaq: MAR) to “buy” from “hold” amid strength in its business model that could lead to further gains in the share price. BofA has reiterated Amazon (Nasdaq: AMZN) as a “buy” rating, suggesting that its robotics business is likely to be a growth driver at the company. The post S&P 500 (NYSEARCA: SPY) Live: China Trade Deal Breakthrough Sends Broader Market Soaring appeared first on 24/7 Wall St..

Live Updates Live Coverage Has Ended Goldman's Warning 2:30 pm by Gerelyn Terzo Wall Street firm Goldman Sachs believes there’s still another shoe yet to drop in the trade wars despite progress made between the White House and Beijing. The analyst firm wrote: “The large reduction in the U.S. tariff rate on China should only have a limited impact on the overall U.S. effective tariff rate. After accounting for a reduction of that magnitude, the full set of U.S. tariffs would still be considerably higher and broader than expected by markets at the start of the year.” Winners & Losers 12:12 pm by Gerelyn Terzo With today’s market rally, the S&P 500 has narrowed its year-to-date declines to 1.3%. Within the S&P 500, today’s biggest gainers include NRG Energy (NYSE: NRG), up 23%, Stanley Black & Decker (NYSE: SWK), up 14.4%, and Microchip Tech (Nasdaq: MCHP), up 11.2%. Among the biggest losers of today’s session include Cigna Group (NYSE: CI), down 6.7%, Newmont Mining (NYSE: NEM), down 6.2%), and CVS Health (NYSE: CVS), down 4.6%. Stock Market Movers 10:30 am by Gerelyn Terzo NRG Energy (NYSE: NRG) is climbing higher by 14% today after reporting better-than-anticipated Q1 earnings results. In a bullish sign for natural gas, NRG also revealed it would buy the LS Power Portfolio in a whopping $12 billion deal. Newmont Mining (NYSE: NEM) is shaving 5% off its value on a declining gold price as investors exit the precious metal for equities in response to the U.S. and China trade talk success. J.B. Hunt Transport (Nasdaq: JBHT) is up by a strong 10.2% today. Transportation stocks are often viewed as a gauge of economic activity. Dividend stock Altria Group (NYSE: MO) is down 3.2% on the day. Dollar General (NYSE: DG) is losing 5%. This article will be updated throughout the day, so check back often for more daily updates. Risk is back on in the stock market after U.S. and China officials were able to clinch a trade deal over the weekend, agreeing to lower tariffs from staggeringly high levels. President Trump has been dropping further details, calling the discussions a “total reset” with China, pointing to further business with the nation and the removal of trade barriers as a result. Tariff relief has ignited a 1,000-point rally in the Dow Jones Industrial Average. Technology stocks are among the top performers, sending the Nasdaq Composite soaring by 3.8% and the S&P 500 higher by 2.7%. The SPX index is tacking on 2.5% in today’s buying action. The S&P 500 index is now hovering back above the 5,800 level. Magnificent Seven stocks have been at the crosshairs of the China trade tensions and are rallying on the tariff relief. Treasury Secretary Scott Bessent said the U.S. is targeting a strategic decoupling from necessities made by China, agreeing to suspend tariffs for 90 days with the nation except for a wider-based 10% levy threshold. Merger Monday is back. KindlyMD (Nasdaq: KDLY) is up a staggering 573% after announcing a business combination with bitcoin investment firm Nakamoto, a company founded by President Trump’s crypto advisor David Bailey. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 985.25 (+2.4%) Nasdaq Composite: Up 650.17 (+3.7%) S&P 500: Up 153.00 (+2.7%) Wall Street Analyst Moves UBS has reiterated its “buy” rating on Nvidia (Nasdaq: NVDA) stock ahead of the tech leader’s quarterly earnings report but slashed the price target to $175 from $180 per share. Nvidia stock is currently hovering at $121 per share. Jefferies has turned bullish on hotel stock Marriott (Nasdaq: MAR), upgrading shares to “buy” from “hold” amid strength in its business model that could lead to further gains in the share price. BofA has reiterated Amazon (Nasdaq: AMZN) as a “buy” rating, suggesting its robotics business could be a catalyst for growth. The post S&P 500 INDEX (SPX) Live: Markets Soar Amid ‘Total Reset’ With China appeared first on 24/7 Wall St..

Kindly MD Inc. (NASDAQ: KDLY) soared over 600% this morning after merging with Nakamoto Holdings, a Bitcoin investment firm founded by David Bailey in early 2025. Bailey is among the key personnel who are serving as crypto advisors to US President Donald Trump.

Close Key Takeaways Next Technology Holding shares took off for a second straight session Monday after the software services provider and bitcoin buyer reported its holdings of the cryptocurrency jumped.The company added 5,000 bitcoin to its portfolio since the end of last year, giving it 5,833.Next Technology said it plans to continue acquiring bitcoin, which it sees as likely to increase in value and serve to offset inflation in the long term. Shares of Next Technology Holding (NXTT) took off for a second straight session Monday after the software services provider and bitcoin buyer reported its holdings of the cryptocurrency jumped. Next Technology reported in a regulatory filing last week that it held 5,833 bitcoin, 5,000 of which it bought since the end of last year. It said the value of its bitcoin portfolio as of March 31 was $481.7 million, while it paid $183.1 million to purchase them. The company noted that it sees its bitcoin investment "as long-term holdings" and expects to continue acquiring them. It added that it hasn't "set any specific target" for the number of bitcoin it seeks to hold, and will "continue to monitor market conditions in determining whether to engage in additional financings" to make more purchases. Firm Says Bitcoin Has 'Potential to Serve as a Hedge Against Inflation' Next Technology explained that bitcoin "offers the opportunity for appreciation in value if its adoption increases and has the potential to serve as a hedge against inflation in the long-term." The news sent Next Technology shares soaring 661% on Friday, and another 47% Monday morning to $3.45. They've also gotten a boost by the recent runup of the price of bitcoin, which is trading above $104,000. Today's move lifted the stock from negative to positive territory for 2025. Another firm seeing its shares fly higher because of bitcoin-related news is healthcare provider Kindly MD (KDLY), whose stock is soaring 380% Monday to $18.99 after it announced a merger with bitcoin-native holding company Nakamoto Holdings in order to start a bitcoin treasury strategy. Nakamoto was founded by David Bailey, a key cryptocurrency advisor to President Donald Trump. UPDATE—This story has been updated with the latest share price information. TradingView Do you have a news tip for Investopedia reporters? Please email us at [email protected]

SALT LAKE CITY--(BUSINESS WIRE)--KindlyMD, Inc. (NASDAQ:KDLY, “KindlyMD”), a leading provider of integrated healthcare services, today announced that it has entered into a definitive merger agreement with Nakamoto Holdings Inc. (“Nakamoto”), a Bitcoin-native holding company, to start a Bitcoin treasury strategy. Nakamoto is a new holding company founded by David Bailey. In partnership with BTC Inc, Nakamoto seeks to build the first global network of Bitcoin treasury companies. This is the first.