The value of Bitcoin went above $122,286 right this moment as a large new purchaser nears getting into the market. All eyes are on Nakamoto Holdings Inc., the Bitcoin-native holding firm set to finish its long-anticipated merger with healthcare supplier KindlyMD (NASDAQ: NAKA). As soon as the merger is full, Nakamoto can be cleared to start buying bitcoin with over $760 million in capital.
The businesses confirmed on July 22 that they’ve filed a definitive info assertion with the U.S. Securities and Trade Fee, marking the ultimate step earlier than closing. “Submitting the definitive info assertion is a vital milestone for this merger and accelerates our mission of buying a million Bitcoin,” mentioned David Bailey, Founder and CEO of Nakamoto. “I’m very happy with the groups’ collaboration at Nakamoto and KindlyMD to get us one step nearer to closing the merger.”
“We’re proud to achieve this vital milestone alongside Nakamoto,” added Tim Pickett, Founder and CEO of KindlyMD. “Our shareholders now have the chance to be a part of a groundbreaking shift in how public corporations strategy treasury administration, with Bitcoin on the heart.”
As soon as finalized, the merger will enable Nakamoto to aggressively pursue its bitcoin acquisition technique. The corporate made its first transfer earlier this yr when KindlyMD bought 21 BTC for $2.3 million. “A symbolic quantity to begin the $NAKA mission,” Nakamoto posted on X. Pickett expanded on this buy through the firm’s Q2 earnings report, stating: “In the course of the quarter we obtained roughly $9.2 million in proceeds from warrants workout routines, which allowed us to make an preliminary buy of 21 BTC valued at $2.25 million as of June 30, 2025.”
“We’ve got a one-of-a-kind technique at Nakamoto, when you see it in motion you’ll perceive why we’ll be one of many prime holders of Bitcoin on this planet,” Bailey mentioned right this moment. “We’re constructing a Bitcoin juggernaut.”
To additional strengthen its management, Nakamoto introduced final week the appointment of Amanda Fabiano as Chief Working Officer. Fabiano, former Head of Mining at Galaxy Digital and Director of Bitcoin Mining at Constancy Investments, brings over a decade of expertise to the position. “We’re thrilled so as to add Amanda to the Nakamoto workforce,” mentioned Bailey. “Her monitor report of constructing institutional infrastructure and driving execution throughout complicated organizations will present quick worth.”
Fabiano added, “I’m excited to affix Nakamoto at such a pivotal time in its development. Nakamoto is reworking daring concepts into real-world affect and pushing the frontier of institutional Bitcoin adoption.”
With the merger’s closing doubtless imminent, Bitcoin market individuals are watching intently as Nakamoto prepares to deploy over $760 million into BTC—probably including main shopping for stress within the days forward.
Disclosure: Nakamoto is in partnership with Bitcoin Journal’s guardian firm BTC Inc to construct the primary international community of Bitcoin treasury corporations, the place BTC Inc offers sure advertising companies to Nakamoto. Extra info on this may be discovered right here.