KindlyMD Acquires 21 Bitcoin Ahead of Merger with Nakamoto

10 months ago

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.

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