KindlyMD Boosts Bitcoin Holdings by 21 Coins Ahead of Nakamoto Merger

KindlyMD (NAKA), an integrated healthcare services provider, has taken a landmark step in its bitcoin treasury initiative by acquiring 21 bitcoins. This purchase represents a symbolic milestone, as the company now owns one-millionth of the total bitcoin supply, while aiming to ultimately accumulate one million BTC.

The transaction, valued at around $2.3 million at an average price of $109,027 per bitcoin, was funded through the exercise of outstanding warrants, according to a press release issued Tuesday.

David Bailey, CEO and founder of Nakamoto Holdings, commented on the milestone via X, saying, “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 shares climbed 3.9% on Tuesday.

Earlier this month, on May 12, KindlyMD disclosed plans to merge with Nakamoto Holdings, adopting a bitcoin accumulation strategy modeled after Strategy (MSTR). The combined entity secured $710 million in financing to support its crypto ambitions.

Furthermore, on May 21, KindlyMD revealed a partnership with Anchorage Digital to provide exclusive custody and trading services post-merger.

The merger is slated to close in the third quarter of 2025, positioning KindlyMD for a major push into bitcoin treasury management.