KindlyMD acquires 5,744 bitcoin for $679 million treasury expansion

KindlyMD Inc. (NASDAQ: NAKA) acquired 5,743.91 bitcoin through its subsidiary Nakamoto Holdings Inc., bringing the company's total bitcoin holdings to 5,764.91 BTC, according to a company statement.

The healthcare services provider purchased the bitcoin at a weighted average price of $118,204.88 per coin for approximately $679 million using proceeds from a private investment in public equity (PIPE) transaction. This marks the company's first bitcoin acquisition since completing its merger with Nakamoto Holdings in August 2025.

"This acquisition reinforces our conviction in Bitcoin as the ultimate reserve asset for corporations and institutions alike," said David Bailey, chief executive officer and chairman of KindlyMD. The company stated it aims to accumulate one million bitcoin under what it calls the Nakamoto Bitcoin Treasury.

KindlyMD operates as a healthcare company providing primary care, pain management, behavioral health, and alternative therapies. The company completed its merger with Nakamoto Holdings, described as a bitcoin-focused holding company, in August 2025 to create what it characterizes as a publicly traded bitcoin treasury vehicle.

The transaction represents part of the company's strategy to combine healthcare services with bitcoin treasury management operations. KindlyMD trades on the NASDAQ under the ticker symbol NAKA.

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