KindlyMD Acquires 5,743.91 Bitcoin Via Nakamoto Holdings

KindlyMD, a leading digital health services provider company, has acquired 5,743.91 Bitcoin (BTC) through its subsidiary, Nakamoto Holdings, Inc. According to a press release, this is KindlyMD’s first major Bitcoin purchase since its merger, bringing its total Bitcoin holdings to 5,764.91 BTC.

KindlyMD Aim for a Bitcoin Standard

KindlyMD bought Bitcoin at an average price of $118,204.88 each, spending about $679 million in total. The company used money from PIPE (Private Investment in Public Equity) proceeds to fund this purchase. 

Importantly, this move reflects the company’s careful approach to building its Bitcoin reserves. It also shows its strong goal of acquiring one million BTC, as part of the Nakamoto Bitcoin Treasury initiative.

It is also worth noting that KindlyMD believes strongly in Bitcoin as a valuable asset for its treasury. Through Nakamoto Holdings, KindlyMD plans to increase its Bitcoin purchases, aiming to set a new example for managing company funds in the healthcare and fintech sectors.

KindlyMD and Nakamoto Complete Merger With Ambitious Bitcoin Goal

Recall that Nakamoto’s official merger with KindlyMD created a publicly traded entity with one of the most aggressive BTC accumulation targets ever announced. The combined company will keep the KindlyMD name and continue trading on Nasdaq under the ticker symbol NAKA.

Interestingly, KindlyMD shares jumped 13.4% following the merger announcement, extending a rally that began in mid-May when the deal was first revealed. As reported, David Bailey, who advised U.S. President Donald Trump on Bitcoin policy, will serve as CEO and Chairman. 

The merger also brings new board appointments, including Bitcoin Investment Group Founder Eric Weiss, Morgan Creek Capital CEO Mark Yusco, Multicoin Capital’s Greg Xethalis, and Digital Chamber chair Perianne Boring.

Rising Competition Among Bitcoin Treasuries

KindlyMD joins the growing list of public companies pursuing large Bitcoin positions. 

Michael Saylor’s Strategy already controls 628,946 BTC, while Metaplanet is targeting 210,000 BTC by 2027. BlackRock and Fidelity are also steadily increasing their holdings through BTC exchange-traded funds (ETFs).

Meanwhile, Nakamoto remains the largest known holder of Bitcoin, owning more than any individual or institutional entity by a wide margin. The Bitcoin’s anonymous creator climbed to the 11th spot among the world’s wealthiest individuals after Bitcoin surged to an all-time high in July.