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KindlyMD Snaps Up 5,744 BTC—Is the Nakamoto Bitcoin Treasury Becoming Crypto’s New Whale?

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KindlyMD has made a dramatic entrance into the Bitcoin treasury race, announcing the acquisition of 5,743.91 BTC by means of its wholly owned subsidiary, Nakamoto Holdings Inc.

The acquisition, valued at roughly $679 million at a weighted common worth of $118,204.88 per coin, marks the corporate’s first Bitcoin purchase since finishing its merger with Nakamoto earlier this month and brings whole holdings to five,764.91 BTC.

KindlyMD Joins High 20 Bitcoin-Holding Public Corporations After Newest Buy

The deal, funded by personal funding in public fairness (PIPE) proceeds, underscores KindlyMD’s dedication to what it calls a “disciplined Bitcoin treasury technique.”

Based on the corporate, its long-term mission is nothing lower than the buildup of 1 million Bitcoin below the Nakamoto Bitcoin Treasury.

“This acquisition reinforces our conviction in Bitcoin as the final word reserve asset for companies and establishments alike,” mentioned David Bailey, Chairman and CEO of the corporate.

He added that “Our mission to accumulate a million Bitcoin displays our perception that Bitcoin will anchor the following period of worldwide finance.”

With this buy, KindlyMD has joined the highest 20 public companies by whole Bitcoin holdings, surpassing firms like Semler Scientific, according to BitBo’s Bitcoin Treasuries dashboard.

The transfer additionally cements its transformation from a distinct segment healthcare supplier into what it now calls a “public Bitcoin working firm.” Below this mannequin, income from its healthcare providers is paired with a rising Bitcoin reserve at its monetary core.

That transition started in Might, when KindlyMD announced its merger with Nakamoto Holdings. The merger, finalized on August 14, marked one of many earliest recognized circumstances of a healthcare enterprise adopting Bitcoin as each an funding and treasury asset.

To drive the technique, KindlyMD brought in Amanda Fabiano, previously of Galaxy Digital and Constancy, as COO of Nakamoto, including greater than a decade of Bitcoin infrastructure experience.

KindlyMD’s Treasury Technique Positive aspects Momentum With PIPE and Notice Proceeds

The aggressive treasury push comes amid a combined monetary backdrop. Within the second quarter ending June 30, 2025, KindlyMD reported insurance coverage reimbursements of $231,726, up 153% year-on-year, however whole revenues declined 36% to $408,527, largely as a result of decrease affected person service pricing and the closure of a clinic in Bountiful, Utah.

The corporate posted a internet lack of $2.41 million, wider than final 12 months’s $1.32 million loss, whereas investing actions noticed $2.52 million in outflows, largely from digital asset purchases.

Nonetheless, financing actions offered a major enhance, with $9.05 million in inflows, largely from warrant workout routines, pushing internet money up 165% to $6.02 million.

Momentum accelerated in August when the agency closed a $200 million senior secured convertible word with Yorkville Advisors, alongside a $540 million PIPE financing tied to the merger.

Proceeds are earmarked for additional Bitcoin purchases in addition to working capital, deepening the corporate’s transition right into a Bitcoin-first treasury automobile.

The word, which carries no curiosity for 2 years and a 6% fee in 12 months three, may be transformed into KindlyMD inventory at $2.80 per share, providing buyers fairness upside tied on to the corporate’s efficiency.

KindlyMD additionally celebrated a milestone that very same day, with its inventory approved for buying and selling on the Nasdaq International Market below the ticker “NAKA,” upgrading from its prior Nasdaq Capital Market itemizing.

That very same day, KindlyMD’s inventory upgraded to the Nasdaq International Market below the ticker “NAKA,” a milestone the corporate says displays its ambition to be seen as an institutionally credible participant in Bitcoin finance.

International Companies Now Maintain 3.67M BTC Price $418B

Companies proceed increasing their Bitcoin treasuries. Amsterdam-based crypto service supplier Amdax has launched AMBTS B.V., a new treasury vehicle aiming to develop into considered one of Europe’s largest institutional holders.

The agency is getting ready an inventory on Euronext Amsterdam with a long-term goal of accumulating 1% of Bitcoin’s whole provide.

Within the U.S., Parataxis Holdings confirmed a SPAC merger with SilverBox Corp IV to lift as much as $640 million for a Bitcoin treasury listed on the NYSE below the ticker PRTX. The deal values the corporate at $400 million and contains a direct $31 million allocation to buy BTC.

In the meantime, Technique disclosed one other purchase between Aug. 11 and 17, 2025, adding 430 BTC for $51.4 million at an average price of $119,666. The corporate now holds 629,376 BTC, remaining the most important public holder.

Globally, greater than 289 firms collectively management over 3.67 million BTC (round $418 billion), according to BitcoinTreasuries.internet.

Different main holders embody Marathon Holdings (50,000 BTC), Germany’s Bitcoin Commonplace Treasury Firm (30,000 BTC), and Japan’s Metaplanet (19,000 BTC).

The submit KindlyMD Snaps Up 5,744 BTC—Is the Nakamoto Bitcoin Treasury Becoming Crypto’s New Whale? appeared first on Cryptonews.

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