# EDGAR Filing Document

**Accession Number:** 0001946573
**File Stem:** 0000000000-25-007521
**Filing Date:** 2025-7
**Character Count:** 5951
**Document Hash:** 3b8d111919ecd1d220eda8348e9f5ab2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-007521.hdr.sgml**: 20251217

**ACCESSION NUMBER**: 0000000000-25-007521

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250716

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kindly MD, Inc.
- **CENTRAL INDEX KEY:** 0001946573
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 843829824
- **STATE OF INCORPORATION:** UT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 001-42103

**BUSINESS ADDRESS:**
- **STREET 1:** 5097 SOUTH 900 EAST
- **STREET 2:** SUITE 100
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84117
- **BUSINESS PHONE:** (385) 388-8220

**MAIL ADDRESS:**
- **STREET 1:** 5097 SOUTH 900 EAST
- **STREET 2:** SUITE 100
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84117
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001213900-25-056334

## Text-Extract

```

                                                            July 16, 2025

Tim Pickett
Chief Executive Officer and Chairman of the Board
Kindly MD, Inc.
5097 South 900 East Suite 100
Salt Lake City, UT 84117

       Re: Kindly MD, Inc.
           Revised Information Statement on Schedule 14C
           Filed July 11, 2025
           File No. 001-42103
Dear Tim Pickett:

       We have reviewed your filing and have the following comments.

       Please respond to this letter within ten business days by providing the
requested
information or advise us as soon as possible when you will respond. If you do
not believe a
comment applies to your facts and circumstances, please tell us why in your
response.

       After reviewing your response to this letter, we may have additional
comments.

Revised Information Statement on Schedule 14C filed July 11, 2025
Risk Factors
Risks Related to Our Bitcoin Strategy and Holdings, page 20

1.     Please revise your risk factors in this section to update your
discussions of recent
       regulatory developments related to crypto assets and to address the
dismissal of the
       SEC   s civil enforcement actions against Coinbase, Kraken and Binance.
2.     We refer to your response to comment 3. Please add a risk factor to
address the
       additional counterparty risks if you pursue strategies to create income
streams or
       otherwise generate funds using your bitcoin holdings.
Regulatory change reclassifying bitcoin as a security, page 29

3.     We refer to your response to prior comment 3. Please expand this risk
factor or add an
       additional risk factor that addresses the risk that your plans to
acquire minority
       interests in other entities could lead to your classification as an
investment company
       under the Investment Company Act of 1940. In addition, please revise
your disclosure
       in this risk factor to state that the risk is not whether bitcoin is
determined to be a
 July 16, 2025
Page 2

       security but whether bitcoin is determined to be offered and sold as a
security.
Information about Nakamoto, page 39

4.     We refer to your response to prior comment 2. Please revise to disclose
your policies
       and procedures related to how and when you purchase bitcoin and monetize
your
       bitcoin, including a discussion of the transaction costs related to
transfers of bitcoin,
       your anti-money laundering, know-your-customer and other procedures you
intend to
       implement in order to mitigate transaction risks such as whether a
transaction
       counterparty is subject to sanctions and is otherwise in compliance with
applicable
       laws and regulations, and disclose whether you have or have plans to
engage a
       liquidity provider. In addition, please revise to state the percentage
of your treasury
       holdings that will be held as bitcoin following the completion of your
merger and the
       acquisition of bitcoin with the proceeds from the PIPE financing and the
convertible
       debt financing.
5.     We refer to your response to prior comment 3 and note your revised
disclosure on
       page 42 that restrictions related to your debt obligations may hinder
your ability to
       pursue certain aspects of your bitcoin strategy. Please revise to
discuss the restrictions
       related to your debt obligations that will exist following the
completion of the merger
       and how these restrictions and obligations will impact your plans for
the next twelve
       months.
Bitcoin Yield Strategy, page 41

6.     Please revise to remove your reference to MicroStrategy Incorporated.
Your
       disclosure should not imply a connection between your potential
business, strategy, or
       results and those of other cryptocurrency companies.
Adjustments to Unaudited Pro Forma Condensed Combined Statements of Operations,
page
F-7

7.     We note your response to prior comment 5; however, we are unable to
agree with
       your conclusion. Please revise your unaudited pro forma condensed
combined
       statements of operations to remove the adjustment for the change in fair
value of
       intangible assets.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence
of action by the staff.

       Please contact Conlon Danberg at 202-551-4466 or Lauren Nguyen at
202-551-3642
with any other questions.

                                                              Sincerely,

                                                              Division of
Corporation Finance
                                                              Office of
Industrial Applications and
 July 16, 2025
Page 3

                              Services
cc:   Callie T. Jones, Esq.

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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