KindlyMD Secures 21 Bitcoin Ahead of Planned Merger with Nakamoto

KindlyMD (NAKA), an integrated healthcare services company, has taken a meaningful step in its bitcoin treasury plan by acquiring 21 bitcoins, marking a symbolic milestone as the firm now owns one-millionth of the total bitcoin supply, with a long-term goal of amassing one million BTC.

The purchase, totaling approximately $2.3 million at an average price of $109,027 per bitcoin, was made possible through the exercise of some of KindlyMD’s outstanding warrants, according to a press release issued Tuesday.

David Bailey, CEO and founder of Nakamoto Holdings, shared the milestone on X, stating, “Our first one-millionth of all bitcoin, on our way to owning 1,000,000 bitcoin.” He added, “1 Nakamoto = 1m Bitcoin.”

Following the announcement, NAKA’s shares rose by 3.9% on Tuesday.

On May 12, KindlyMD announced its plans to merge with Nakamoto Holdings to implement a bitcoin accumulation strategy inspired by the approach taken by Strategy (MSTR). The merged entity has secured $710 million in financing to support its ambitions.

Additionally, on May 21, KindlyMD revealed a partnership with Anchorage Digital, which will serve as the exclusive custody and trading provider post-merger.

The merger is anticipated to close in the third quarter of 2025, setting the stage for KindlyMD’s expansion into bitcoin treasury management.