Share this article
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.
Make us preferred on Google
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
“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.
Más para ti
Más para ti
Bitcoin claws back to $70,000 on cooling inflation after $8.7 billion wipeout
Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.
Lo que debes saber:
- Bitcoin’s price recovered above $70,000 after a drop, driven by cooler-than-expected U.S. inflation data and increased risk appetite.
- Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.
- $8.7 billion in bitcoin losses were realized in the last week, potentially signaling a capitulation event and a shift of supply to stronger hands.
Top Stories
