Coinpaprika 2025-05-12 19:53:58

Trump-Linked Microcaps Skyrocket on Crypto News and Mergers

Shares of tiny companies connected to Donald Trump have exploded recently , with two new examples making headlines: Kindly MD and Gryphon Digital Mining. Kindly MD, a small healthcare firm, jumped over 318% on Monday after announcing a surprising merger with Nakamoto Holdings—a Bitcoin investment firm led by Trump campaign adviser David Bailey. The new company plans to invest heavily in Bitcoin, supported by $510 million in private funding and $200 million in debt . Bailey, who once helped shape Trump’s crypto policies, will become CEO of the merged entity, while Kindly MD’s Tim Pickett stays in charge of its healthcare business. Before this, Kindly MD had no crypto exposure and earned just $2.7 million last year offering medical cannabis services in Utah. Now, Nakamoto will control six out of seven board seats. Gryphon Digital Mining also soared 237% after revealing a merger with American Bitcoin , a new mining venture co-founded by Eric Trump. The combined company aims to list on Nasdaq. Hut 8, American Bitcoin’s parent company, rose 14% following the news. Financial details of the deal weren’t shared. These moves reflect Trump’s growing ties to crypto. Since retaking office, he’s pledged to loosen crypto regulations and recently created a strategic crypto reserve. Bitcoin, now at $102,800 , is up 48% since his election. But not all Trump-related stocks are stable. Trump Media & Technology Group (DJT), which owns Truth Social, is down 24% this year , and other companies like Newsmax have seen dramatic rises and crashes. Even Trump’s own meme coin, launched with Melania in January, quickly lost value after an initial surge.