Imagine a groundbreaking union between healthcare innovation and cryptocurrency prowess. KindlyMD, Inc., a trailblazer in data-driven healthcare, has just received the green light from its shareholders to merge with Nakamoto Holdings Inc., a prominent player in the Bitcoin treasury realm. This fusion is poised to elevate both entities to new heights in the ever-evolving landscape of Bitcoin investments.
The Shareholder Seal of Approval
Embracing Bitcoin's Potential
Picture this: On May 18, 2025, the majority of KindlyMD's shareholders gave their resounding approval for the merger. This crucial vote sets the stage for a monumental transition that is scheduled to culminate in the third quarter of 2025. The Securities and Exchange Commission (SEC) is now diligently reviewing the proposal, with the finalization of the deal slated to occur just 20 days after shareholders receive the information statement.
A Vision Unveiled
Redefining Capital Markets with Bitcoin at the Helm
David Bailey, the visionary Founder and CEO of Nakamoto, expressed his enthusiasm for the merger, highlighting the shared vision of integrating Bitcoin into corporate financial strategies. This alignment paves the way for a future where Bitcoin is not just an asset but a cornerstone of global investment portfolios.
The Power Duo: KindlyMD and Nakamoto
Innovative Healthcare Meets Cryptocurrency Ingenuity
KindlyMD brings a fresh perspective to the table with its innovative healthcare approach focused on personalized treatment and education about alternative medicine. Specializing in reducing opioid dependency and enhancing patient outcomes, KindlyMD's services are reimbursed through various insurance channels, including Medicare and Medicaid.
Strategic Synergies Unleashed
Tim Pickett, the CEO of KindlyMD, underscored the strategic advantages of the merger, emphasizing the fusion of Bitcoin's robust market presence with KindlyMD's commitment to long-term value creation. This collaboration is poised to leverage Bitcoin's dominance and practical utility to drive sustained growth and prosperity for investors.
As we witness this transformative merger between KindlyMD and Nakamoto, we invite you to stay tuned for the exciting journey ahead. Join us in embracing the fusion of healthcare innovation and cryptocurrency revolution, where possibilities are endless and opportunities abound.
Frequently Asked Questions
Can I store my gold IRA account at home?
An online brokerage account will allow you to invest in the most secure way possible. You have all the investment options you'd get if you had a traditional broker. However, you don't require any licenses or qualifications. There are no fees to invest.
Online brokers often offer free tools to help manage your portfolio. They will even let you download charts to see how your investments perform.
How do I Withdraw from an IRA of Precious Metals?
You may consider withdrawing your funds if you have an account with a precious metal IRA company such as Goldco International Inc. This way, when you decide to sell your metals, they will still be worth much more than if you had left them inside the account.
Here is how to withdraw precious metal IRA funds.
First, verify that your precious metal IRA allows withdrawals. Some companies offer this option while others do not.
Second, you should determine if your metals are tax-deferred. Most IRA providers offer this benefit. Some providers do not offer this benefit.
To find out if fees apply, thirdly check with your precious-metal IRA provider. You may have to pay an additional fee for the withdrawal.
Fourth, make sure you keep track for at least three consecutive years of the precious metal IRA investments after you have sold them. To put it another way, you should wait until January 1st every year to calculate capital gains from your investment portfolio. Follow the instructions on Form 8949 to calculate the gain.
In addition to filing Form 8949, you must also report the sale of your precious metals to the IRS. This step ensures that you pay taxes on all profits earned from your sales.
A trusted attorney or accountant should be consulted before you sell your precious metals. They can help you avoid costly mistakes and ensure you comply with all regulations.
What is the best way to make money with a gold IRA?
The answer is yes, but not as much as you think. It all depends on how risky you are willing to take. It's possible to retire with $1 million if your retirement age is reached if you are able to put aside $10,000 per year for 20 consecutive years. However, if all your eggs are in one basket, then you will lose everything.
Diversifying your investments is essential. Inflation is a problem for gold. You want to invest in an asset class that rises along with inflation. Stocks do this well because they rise when companies increase profits. Bonds are also able to do this. They pay interest every year. They're very useful during periods of economic growth.
What happens if there is no inflation? In times of deflation, stocks are more valuable than bonds. Investors should refrain from putting all their savings into one type of investment such as a mutual fund or bond.
Instead, they should combine different types funds. They could invest in stocks or bonds. They could invest in both cash as well as bonds.
So they can see both sides of each coin. Inflation and depression. And they will still see a return over time.
Statistics
- The IRS also allows American Eagle coins, even though they do not meet gold's 99.5% purity standard. (forbes.com)
- Silver must be 99.9% pure • (forbes.com)
- To qualify as IRA allowable precious metals and be accepted by STRATA, the following minimum fineness requirements must be met: Gold must be 99.5% pure, silver must be 99.9% pure, and platinum and palladium must both be 99.95% pure. (stratatrust.com)
- Same tax rules as traditional IRA SEP IRA contributions in 2022 are limited to 25% of compensation or $66,000, whichever is less Before setting up a Silver IRA, understand the fees and IRS restrictions. (sltrib.com)
External Links
investopedia.com
wsj.com
takemetothesite.com
kitco.com
How To
How to turn your IRA into a IRA with gold content
So you want to move your retirement savings from a traditional IRA into a gold IRA? This article will assist you in that endeavor. This is how you can make the switch.
“Rolling over” is the act of transferring money from one type (traditional) to another type (gold). This is done because tax advantages go along with rolling over an account. People may also prefer to invest physical assets, such precious metals.
There are two types IRAs – Traditional IRAs and Roth IRAs. The difference is simple. Traditional IRAs allow investors the ability to deduct taxes whenever they withdraw their earnings. Roth IRAs are not. That means that if you invest $5,000 in a Traditional IRA today, then after five years, you'll only be able to take out $4,850. You would still be able to keep all your money if you had the same amount invested in a Roth IRA.
These are the things you need to know if your goal is to convert from a traditional IRA or a gold IRA.
First, you must decide whether to move your balance into a new bank account or transfer funds from your existing account to the new one. Any earnings over $10,000 will be subject to income tax at the regular rate. If you decide to roll over your IRA you will not be subject to income tax on these earnings until you turn 59 1/2.
After you have made your decision, you will need to open a new account. It is likely that you will be asked to prove your identity by providing proof such as a Social Security card or passport. Once you are done, you will fill out paperwork proving ownership of your IRA. After you have completed the forms, submit them to your bank. The bank will verify your identity and provide instructions for sending wire transfers and checks.
Now comes fun. The fun part is when you deposit cash into the account, and then wait for the IRS approval. You will be notified by mail that your request has been approved.
That's it! All you need to do now is watch your money grow. You can also close your IRA and transfer the balance to a new one if you change your mind.
—————————————————————————————————————————————————————————————-
By: Jenna Montgomery
Title: KindlyMD's Merger with Nakamoto: A Game-Changer in the Bitcoin Market
Sourced From: bitcoinmagazine.com/news/kindlymd-shareholders-approve-merger-with-bitcoin-treasury-company-nakamoto
Published Date: Tue, 20 May 2025 22:18:22 +0000
