Bitcoin News Today: KindlyMD Buys 5,744 Bitcoin for $679M in Treasury Move

KindlyMD, a Nasdaq-listed healthcare provider, has acquired 5,744 Bitcoin for approximately $679 million, marking its first major Bitcoin purchase following its merger with Nakamoto Holdings [1]. The acquisition, announced on August 17, 2025, was made at a weighted average price of $118,204 per Bitcoin, reflecting a significant commitment to integrating digital assets into its corporate treasury strategy [2]. This transaction represents the largest initial Bitcoin buy by a public company in 2025 and elevates KindlyMD into the ranks of the top 20 global Bitcoin holders [3].

The purchase was funded through proceeds from a private investment in public equity (PIPE) offering completed post-merger, aligning with KindlyMD’s strategic shift toward a crypto-focused treasury model [4]. By leveraging its merger with Nakamoto Holdings, the company is transforming its financial structure and signaling a bold reimagining of its role in the market [5]. The decision to allocate a significant portion of its capital to Bitcoin has been interpreted as a signal of confidence in the asset’s long-term value and potential as a store of value and hedge against traditional market volatility [6].

This acquisition underscores a broader trend of institutional interest in Bitcoin, with KindlyMD joining other publicly traded firms like MicroStrategy and Tesla in adopting the cryptocurrency as part of their treasury strategies [7]. However, KindlyMD’s move is more aggressive in scale, with the company aiming to accumulate one million Bitcoin over time [8]. CEO David Bailey emphasized that the purchase reinforces the company’s conviction in Bitcoin as the ultimate reserve asset and its vision for the future of global finance [9].

The market reaction has been mixed, with shares of KindlyMD plunging by 14.6% on July 16, 2025, following the announcement, reflecting investor uncertainty around the company’s repositioning [10]. Nonetheless, the long-term ambition to build a substantial digital asset reserve suggests that the company views this as a strategic, rather than speculative, move [11].

The transaction also has potential liquidity implications for Bitcoin markets, as it is more than 13 times larger than other recent significant corporate buys [12]. This could result in reduced liquidity on exchanges and over-the-counter desks, signaling a noticeable shift in available Bitcoin supply [13]. As Bitcoin adoption by corporations rises, it is likely to generate increased regulatory interest and further institutional participation in the digital asset space [14].

Source: [1] Nasdaq-listed KindlyMD acquires $679M Bitcoin in first... (https://cointelegraph.com/news/nasdaq-kindlymd-679m-bitcoin-treasury-investment)

[2] NAKA News: 5743.91 BTC Acquired (https://www.coindesk.com/markets/2025/08/19/kindlymd-naka-expands-bitcoin-treasury-with-usd679m-acquisition)

[3] KindlyMD/NAKA Expands Bitcoin Treasury with $679M... (https://uk.finance.yahoo.com/news/kindlymd-naka-expands-bitcoin-treasury-124429886.html)

[4] KindlyMD acquires $679M in bitcoin to advance treasury... (https://www.msn.com/en-us/money/companies/kindlymd-acquires-679m-in-bitcoin-to-advance-treasury-strategy/ar-AA1KNVck?ocid=finance-verthp-feeds)

[5] KindlyMD Acquires $679M in Bitcoin via Nakamoto Holdings (https://www.ainvest.com/news/bitcoin-news-today-kindlymd-acquires-679m-bitcoin-nakamoto-holdings-2508/)

[6] David Bailey's Nakamoto Holdings Buys $679M in Bitcoin (https://www.bankless.com/read/david-baileys-nakamoto-buys-679m-in-bitcoin)

[7] KindlyMD (NAKA) Stock: Plunges 14 % Amid 5744 Bitcoin... (https://coincentral.com/73659-2kindlymd-naka-stock-plunges-14-amid-5744-bitcoin-acquisition/)

[8] KindlyMD deploys merger war chest, acquires $679m in... (https://crypto.news/kindlymd-deploys-merger-war-chest-acquires-679m-in-bitcoin/)

[9] 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)

[12] KindlyMD, under the leadership of CEO David Bailey, has initiated one of the largest Bitcoin acquisitions by acquiring 5,744 BTC, valued at approximately $679 million. This purchase signifies a significant commitment to Bitcoin as a corporate reserve asset.

[13] KindlyMD, led by CEO David Bailey, acquired 5,744 BTC worth $679 million through its subsidiary Nakamoto Holdings, marking a significant public company Bitcoin treasury move in 2025.

[14] This acquisition underscores a potential shift towards institutional Bitcoin adoption, signaling increased corporate interest and influencing cryptocurrency markets with possible liquidity implications.