KindlyMD Launches Nakamoto Bitcoin Treasury with $679M Purchase

Highlights:

• KindlyMD launched the Nakamoto Bitcoin Treasury with a $679 million purchase of 5,744 BTC.
• The company now holds 5,764.91 BTC, ranking among the top 20 corporate holders.
• Its long-term plan is to secure one million bitcoins under the Nakamoto Bitcoin Treasury.

KindlyMD, a healthcare company, has officially joined the corporate Bitcoin race. The company made its first big acquisition following the merger with Nakamoto Holdings. According to the statement, it purchased 5,743.91 BTC worth $679 million at a weighted average price of $118,204 per coin. Moreover, this purchase raised its total holdings to 5,764.91 BTC, making KindlyMD a top-20 corporate Bitcoin holder.

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First Step in the Nakamoto Bitcoin Treasury

The merger with Nakamoto Holdings formed a hybrid healthcare company and a Bitcoin company. The merged company now trades under the ticker NAKA. The purchase was funded using proceeds of a $540 million PIPE financing and a $200 million convertible note. Moreover, the acquisition has made KindlyMD the 16th largest holder of Bitcoin by publicly traded companies.

Update: KindlyMD adds 5,744 BTC to the Nakamoto Bitcoin Treasury. pic.twitter.com/D92nZxGZnq

— Nakamoto (@nakamoto) August 19, 2025

The Nakamoto Bitcoin Treasury seeks to build reserves of one million BTC, or approximately 5% of the total fixed supply. The long-term plan was outlined by David Bailey, who is the CEO and chairman of the company.

He stated:

“Our mission to amass one million Bitcoin suggests our expectation that Bitcoin will underpin the next generation of global finance.”

Transformation and Strategic Growth

The merger between KindlyMD and Nakamoto Holdings launched the transformation. KindlyMD, a company that formerly specialized in the provision of health care services, has metamorphosed into a public company operating on Bitcoin. In this model, the increase in revenue in the healthcare system sustains an increase in the Bitcoin reserve. The company enhanced its leadership team in the transition. Amanda Fabiano, who previously worked at Galaxy Digital and Fidelity, came in as the COO of Nakamoto. She comes with a background of deep Bitcoin infrastructure and institutional strategy.

The second quarter of 2025 financial data had mixed outcomes. KindlyMD experienced 153% year-over-year growth in insurance reimbursements of $231,726. However, revenues also declined by 36% to $408,527 as a result of lower-priced patient services and the closure of a clinic. It also registered a net loss of $2.41 million compared to $1.32 million last year.

KindlyMD reported its second quarter financial results ahead of the merger with Nakamoto. One step closer!

— Nakamoto (@nakamoto) August 5, 2025

Although facing these challenges, its position was strengthened by financing activities. Cash reserves were increased with proceeds of warrant exercises and PIPE financing. In mid-August, the company secured a $200 million secured convertible note with Yorkville Advisors. A combination of this funding and PIPE funding enabled it to enter the large-scale Bitcoin accumulation.

Expanding Corporate Bitcoin Strategies

Bitcoin treasuries at corporates keep increasing worldwide. There are currently around 4% of the total supply of Bitcoins held by public entities. Strategy, spearheaded by Michael Saylor, is the biggest holding, with 629,376 BTC, worth more than $72 billion. Recently, Strategy purchased 430 BTC for $51.4 million at an average price of $119,666.

Strategy has acquired 430 BTC for ~$51.4 million at ~$119,666 per bitcoin and has achieved BTC Yield of 25.1% YTD 2025. As of 8/17/2025, we hodl 629,376 $BTC acquired for ~$46.15 billion at ~$73,320 per bitcoin. $MSTR $STRC $STRK $STRF $STRDhttps://t.co/8zSHvPTFJO

— Strategy (@Strategy) August 18, 2025

The $679 million acquisition deal of KindlyMD significantly raised its total holdings above those of GameStop, Cango Inc., and Semler Scientific. According to BitcoinTreasuries.net, more than 289 companies collectively own 3.67 million BTC. Others with significant holdings are Metaplanet of Japan, which possesses 18,888 BTC, and Bitcoin Standard Treasury Company, which holds 30,000 BTC. Trump Media and Technology Group also owns 150,000 BTC. However, KindlyMD’s target of one million BTC is unique on such a scale.

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