KindlyMD (NAKA), an integrated healthcare services provider, has pulled the trigger connected its bitcoin BTC treasury strategy.
The acquired 21 bitcoin for astir $2.3 cardinal astatine an mean outgo of $109,027, according to a Tuesday press release. The acquisition was funded by exercising immoderate of the company’s outstanding warrants.
“Our archetypal 1/millionth of each bitcoin, connected our mode to owning 1,000,000 bitcoin,” David Bailey, laminitis and CEO of Nakamoto Holdings, posted connected X. “1 Nakamoto = 1m Bitcoin,” helium added.
NAKA is higher by 3.9% connected Tuesday.
KindlyMD announced connected May 12 that it had agreed to merge with Nakamoto Holdings successful bid to prosecute a bitcoin accumulation strategy mirrored aft Strategy’s (MSTR) playbook. The combined entity secured $710 cardinal successful financing.
KindlyMD and Nakamoto volition besides spouse up with custody steadfast Anchorage Digital to supply exclusive custody and trading services to the institution post-merger, KindlyMD announced connected May 21.
The merger is expected to adjacent successful the 3rd 4th of 2025.