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KindlyMD Acquires 21 Bitcoin Ahead of Merger with Nakamoto
The firm now symbolically owns one millionth of the total bitcoin circulating supply, but its objective is to have one million BTC.
Updated May 27, 2025, 6:21 p.m. Published May 27, 2025, 4:50 p.m.
What to know:
- KindlyMD Inc. has acquired 21 bitcoin for approximately $2.3 million as part of its treasury strategy.
- The company plans to merge with Nakamoto Holdings to pursue a bitcoin accumulation strategy similar to that of Strategy's.
- The merger, expected to close in the third quarter of 2025, includes a partnership with Anchorage Digital for custody and trading services.
KindlyMD (NAKA), an integrated healthcare services provider, has pulled the trigger on its bitcoin treasury strategy.
The acquired 21 bitcoin for roughly $2.3 million at an average cost of $109,027, according to a Tuesday press release. The purchase was funded by exercising some of the company’s outstanding warrants.
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“Our first 1/millionth of all bitcoin, on our way to owning 1,000,000 bitcoin,” David Bailey, founder and CEO of Nakamoto Holdings, posted on X. “1 Nakamoto = 1m Bitcoin,” he added.
NAKA is higher by 3.9% on Tuesday.
KindlyMD announced on May 12 that it had agreed to merge with Nakamoto Holdings in order to pursue a bitcoin accumulation strategy mirrored after Strategy’s (MSTR) playbook. The combined entity secured $710 million in financing.
KindlyMD and Nakamoto will also partner up with custody firm Anchorage Digital to provide exclusive custody and trading services to the company post-merger, KindlyMD announced on May 21.
The merger is expected to close in the third quarter of 2025.
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