Operating in the hospital services sector, KindlyMD purchased 5,743.91 BTC following the completion of its merger with the Bitcoin-focused holding company Nakamoto Holdings, in order to expand its Bitcoin treasury. This acquisition was carried out with funds provided through PIPE financing, bringing the total added to the treasury to 5,764.91 BTC. The average purchase price was announced as approximately 118,204.88 USD per BTC.
This transaction marked an important milestone in KindlyMD’s Bitcoin accumulation process. The addition of 5,743.91 BTC to its treasury represents tangible progress both in terms of financial strength and alignment with strategic goals. The continuity of the strategic vision after the merger is reinforced by such steps.
The company’s CEO, David Bailey, stated that this move is strong evidence of the vision to position Bitcoin as the “ultimate reserve asset” for corporate and institutional investors. He also emphasized that KindlyMD’s ultimate goal is to accumulate 1 million BTC under the “Nakamoto Bitcoin Treasury” strategy.
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21 BTC Purchase
Before this large acquisition, the company had made a symbolic purchase of 21 BTC in May 2025. This amount was chosen as one-millionth of the total Bitcoin supply, representing the company’s strategic orientation. The purchase was executed at an average unit price of 109,027 USD, totaling approximately 2.3 million USD, and was financed in part by about 8.75 million USD raised through warrant exercises.
What About the Financial Infrastructure?
Following the merger between KindlyMD and Nakamoto, the company has mobilized substantial financial resources to grow its Bitcoin treasury on an institutional scale. Through PIPE (Private Investment in Public Equity) financing, approximately 563 million USD has been raised so far, while a 200 million USD zero-coupon convertible note has also been included in the plan.
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