Jamie Redman
On Aug. 19, 2025, KindlyMD, Inc. revealed it acquired 5,743.91 bitcoin ( BTC) for approximately $679 million through its subsidiary, Nakamoto Holdings, Inc. This significant purchase, executed at a weighted average price of $118,204.88 per BTC, marks the company’s first acquisition of the leading cryptocurrency since completing a recent merger.
KindlyMD’s Nakamoto Holdings Allocates $679M to Bitcoin, Targeting 1 Million BTC
The transaction increases KindlyMD’s (Nasdaq: NAKA) total bitcoin (BTC) holdings to 5,764.91 BTC. The company funded the purchase using proceeds from a private investment in public equity (PIPE), pointing to a dedicated strategy to build a substantial bitcoin treasury.
Chief Executive Officer and Chairman David Bailey stated the move reflects the company’s conviction in bitcoin as the ultimate reserve asset for corporations and institutions. He framed the acquisition as a key step in a long-term, disciplined strategy.
“This acquisition reinforces our conviction in bitcoin as the ultimate reserve asset for corporations and institutions alike,” Bailey remarked.
He added:
“Our long-term mission of accumulating one million bitcoin reflects our belief that bitcoin will anchor the next era of global finance, and we are committed to building the most trusted and transparent vehicle to achieve that future.”
KindlyMD operates as a patient-first healthcare company, offering integrated services including primary care and pain management. Its strategic merger with Nakamoto Holdings in August 2025 created a unique, publicly-traded entity focused on both healthcare innovation and bitcoin treasury management.
This acquisition solidifies the company’s transformation and its commitment to establishing a transparent vehicle for corporate bitcoin investment, blending its healthcare expertise with a pioneering financial vision.
