Bitcoin News Today: KindlyMD Acquires $679M in Bitcoin via Nakamoto Holdings

KindlyMD, a Nasdaq-listed healthcare and Bitcoin treasury firm, has acquired 5,743.91 Bitcoin at an average price of $118,204.88 per coin, totaling $679 million in value. The purchase, made through its subsidiary Nakamoto Holdings, marks the company’s first Bitcoin acquisition since completing its merger with David Bailey’s Bitcoin-focused firm, also called Nakamoto Holdings, on August 9, 2025 [3]. The transaction was funded through proceeds from a private investment in public equity (PIPE), further signaling the firm’s commitment to a disciplined Bitcoin treasury strategy [1].

The $679 million acquisition is more than 13 times larger than Michael Saylor’s Strategy’s recent $51.4 million Bitcoin purchase and aligns with KindlyMD’s long-term objective of acquiring one million Bitcoin. CEO David Bailey has emphasized that Bitcoin represents “the ultimate reserve asset for corporations and institutions alike,” reinforcing the firm’s belief in the digital asset as a cornerstone of future global finance [3]. Bailey, who also served as a key cryptocurrency adviser for former U.S. President Donald Trump, has previously expressed ambitions to raise $200 million for a PAC to advance Bitcoin’s interests in the U.S. [3].

KindlyMD’s move reflects broader corporate adoption of Bitcoin as a strategic reserve asset. The firm has positioned itself as a hybrid entity, integrating healthcare services with a Bitcoin treasury strategy to create a diversified business model. This approach places KindlyMD at the intersection of traditional healthcare provision and digital asset management, with its services spanning primary care, pain management, and alternative therapies [3].

The timing of the acquisition is notable given Bitcoin’s historically volatile price movements. By committing a substantial portion of its capital to Bitcoin, KindlyMD demonstrates a strong conviction in the asset’s long-term value and utility. The company has stated that it has no immediate plans to sell the acquired Bitcoin, aligning with its vision of holding the cryptocurrency as a long-term reserve asset [1].

The acquisition has coincided with increased corporate and institutional interest in Bitcoin. For example, Japanese investment firm Metaplanet has announced plans to raise $3.7 billion to support its own Bitcoin treasury strategy, aiming to acquire 210,000 BTC by 2027. Meanwhile, André Dragosch, head of European research at Bitwise, has suggested that developments such as corporate Bitcoin adoption and potential inclusion in U.S. 401(k) plans could help push Bitcoin toward $200,000 by the end of 2025 [3].

Despite the firm’s bullish stance on Bitcoin, its stock has faced downward pressure. KindlyMD’s shares have fallen more than 12% since the merger with Nakamoto Holdings was first announced on May 12 [1]. This decline highlights the market’s mixed reaction to the integration of digital assets into corporate treasuries, though KindlyMD remains focused on executing its long-term vision.

Source:

[1] KindlyMD/NAKA Expands Bitcoin Treasury with $679M Acquisition

https://www.coindesk.com/markets/2025/08/19/kindlymd-naka-expands-bitcoin-treasury-with-usd679m-acquisition

[2] KindlyMD's $679M Bitcoin Bet: A Strategic Hedge or ...

https://www.ainvest.com/news/kindlymd-679m-bitcoin-bet-strategic-hedge-speculative-gamble-2508/

[3] KindlyMD Acquires 5744 BTC to Expand Nakamoto Bitcoin ...

https://www.stocktitan.net/news/NAKA/kindly-md-acquires-5-744-btc-to-expand-nakamoto-bitcoin-34gkuna630zy.html