Key Facts:
- KindlyMD Inc. has purchased 21 Bitcoin for about $2.3 million as part of its treasury strategy.
- The company intends to merge with Nakamoto Holdings to implement a similar Bitcoin accumulation strategy.
- The expected closure of the merger is in the third quarter of 2025, featuring a partnership with Anchorage Digital for custody and trading services.
Financial Acquisition
KindlyMD, an integrated healthcare services provider, has initiated its Bitcoin treasury strategy by acquiring 21 Bitcoin for approximately $2.3 million, with each Bitcoin costing around $109,027. The acquisition was financed through exercising several of the company’s outstanding warrants.
“Our first 1/millionth of all bitcoin, on our way to owning 1,000,000 bitcoin,” posted David Bailey, founder and CEO of Nakamoto Holdings, on X. “1 Nakamoto = 1m Bitcoin,” he remarked.
On May 12, KindlyMD announced its agreement to merge with Nakamoto Holdings to adopt a Bitcoin acquisition approach inspired by Strategy’s (MSTR) methodology. The combined entity has secured $710 million in financing to support its ambitions. KindlyMD and Nakamoto will collaborate with custody firm Anchorage Digital to guarantee tailored custody and trading services post-merger.
