KindlyMD Commits $679 Million to Bitcoin Treasury Following Nakamoto Merger

KindlyMD, a Nasdaq-listed healthcare provider, has officially completed its merger with Nakamoto Holdings Inc., a Bitcoin-native company, and subsequently acquired approximately $679 million in Bitcoin. This significant move establishes the combined entity as a publicly traded Bitcoin treasury vehicle, with David Bailey, a prominent figure in the Bitcoin ecosystem, at its helm as CEO and Chairman. The acquisition underscores the company's aggressive strategy to integrate Bitcoin into its corporate balance sheet.

The substantial Bitcoin purchase involved 5,743.91 BTC at an average price of $118,204.88 per coin. This initial acquisition was largely funded by approximately $540 million in gross proceeds secured through a Private Investment in Public Equity (PIPE) financing, which closed concurrently with the merger. This financial maneuver positions KindlyMD to execute its long-term Bitcoin accumulation objectives.

Commenting on the scale of the purchase, David Bailey stated in a recent social media post, > "When we were in the market we were buying roughly $1m per minute. Bitcoin ate it like a buzz saw. This market is insanely liquid." He also noted that the entire merger process, including the Bitcoin acquisition, was documented on film, indicating transparency and a commitment to showcasing the journey.

Bailey, known for his advocacy for Bitcoin and his role as an advisor on digital asset policy, leads the newly merged company with an ambitious vision to accumulate one million Bitcoin. He emphasized that the merger sets the foundation for advancing Bitcoin adoption within global capital markets, with Nakamoto operating as a wholly-owned subsidiary focused on Bitcoin financial services.

The successful execution of this large-scale acquisition was attributed to key partners, with Bailey specifically commending, > "@Anchorage nailed execution." This strategic integration of Bitcoin into KindlyMD's treasury reflects a growing trend among public companies, following the model popularized by firms like Strategy, to leverage Bitcoin as a primary reserve asset amidst increasing institutional interest in the cryptocurrency.