KindlyMD spent 2.3 million USD to buy 21 Bitcoin, merging with Nakamoto Holdings

2025-05-28 03:47:23

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The healthcare service company KindlyMD Inc. (NAKA) has just purchased 21 Bitcoin for a total value of approximately 2.3 million USD as part of its strategy to accumulate assets in BTC. The average bid price is 109,027 USD/BTC, funded through the exercise of some outstanding stock options.

KindlyMD announced that it has reached a merger agreement with Nakamoto Holdings on May 12, in order to implement a Bitcoin accumulation strategy similar to the model of Strategy (MSTR). Overall, the merged entity has raised 710 million USD in funding.

The CEO of Nakamoto Holdings, David Bailey, stated on X: “The first lot – 1 millionth of the total Bitcoin supply, on the journey to own 1 million BTC. 1 Nakamoto = 1 million Bitcoin.”

After the BTC purchase, NAKA shares increased by 3.9% on Tuesday.

KindlyMD also announced that it will collaborate with Anchorage Digital – a company specialized in custody and trading of digital assets – to provide exclusive custody and trading services after the merger is completed. The merger is expected to be finalized in the third quarter of 2025.

BTC-3.89%

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