KindlyMD Acquires 21 Bitcoin Ahead of Merger with Nakamoto
KindlyMD (NAKA), an integrated healthcare services provider, has pulled the trigger on its bitcoin BTC 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.
“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.