Salt Lake Metropolis–based mostly KindlyMD (NASDAQ: NAKA) has acquired 5,744 Bitcoin for about $679 million, its first buy since merging with Nakamoto Holdings earlier this month.
Replace: KindlyMD provides 5,744 BTC to the Nakamoto Bitcoin Treasury. pic.twitter.com/D92nZxGZnq
— Nakamoto (@nakamoto) August 19, 2025
The Bitcoin was purchased at a mean worth of $118,204 per coin utilizing proceeds from a non-public funding in public fairness (PIPE), bringing the corporate’s whole holdings to five,764.91 Bitcoin.
KindlyMD described the transfer as a part of a “disciplined Bitcoin treasury technique.”
“This acquisition reinforces our conviction in Bitcoin as the last word reserve asset for companies and establishments alike,” stated David Bailey, CEO and Chairman of KindlyMD.
He added that the corporate’s long-term goal of buying a million Bitcoin displays its view that “Bitcoin will anchor the following period of worldwide finance.”
Bailey has additionally been energetic in Bitcoin and digital asset coverage, beforehand serving as a crypto adviser throughout Donald Trump’s presidential marketing campaign.
Earlier this month, he introduced plans to boost $200 million for a political motion committee (PAC) supporting Bitcoin initiatives in the USA.
Following its merger with Nakamoto Holdings, KindlyMD now combines its healthcare providers with Nakamoto’s Bitcoin-focused technique, making a publicly traded firm that operates in each healthcare and Bitcoin treasury administration.
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