KindlyMD Buys 21 Bitcoin Ahead of Nakamoto Holdings Merger

KindlyMD, an integrated healthcare services provider, has announced the purchase of 21 Bitcoin ahead of its merger with Nakamoto Holdings, a company focused on the acquisition and holding of Bitcoin. The move comes a few weeks after David Bailey, the chief executive officer of BTC Inc., and crypto advisor of U.S. president Donald Trump, announced the launch of Nakamoto Holdings. The Bitcoin-native company, whose name pays homage to Bitcoin creator Satoshi Nakamoto, recently revealed an upcoming merger with KindlyMD.

KindlyMD is a Nasdaq-listed integrated healthcare and healthcare data company looking to become the next Strategy. With its initial BTC purchase, KindlyMD says its on the path to making this quest a reality. The purchase of 21 BTC was completed at an average price of $109,027 per coin, representing a $2.3 million investment. Funds came from gross proceeds of $8.7 million raised through recent warrant exercises.

“KindlyMD chose 21 BTC, which is one millionth of the total supply of bitcoin, as a symbolic first step on our journey to be the leading Bitcoin treasury strategy,” Bailey said. “There are many more milestones ahead and we can’t wait to continue to execute our roadmap with KindlyMD.”

Nakamoto Holdings’ launch followed Bailey’s $300 million raise in equity and convertible debt earlier this year. On May 21, KindlyMD shareholders approved the strategic merger and partnership with Nakamoto Holdings. The deal also includes Anchorage Digital—an institutional-grade crypto custody platform—signaling a joint commitment to accelerating corporate Bitcoin adoption.

Commenting on the purchase, KindlyMD CEO Tim Pickett said: “This strategic purchase was possible after significant warrant redemption, which we believe reflects our investor’s support of the merger and in our confidence of Bitcoin as a store of value. We look forward to working diligently towards the closing of our merger with Nakamoto to further accelerate our Bitcoin treasury strategy.”

KindlyMD and Nakamoto Holdings’ merger will close later in the year. The acquisition of Bitcoin and the impending merger reflect KindlyMD's commitment to embracing digital assets as a key component of its financial strategy. The purchase of 21 Bitcoin is a clear indication of KindlyMD's confidence in the future of cryptocurrencies. By adding Bitcoin to its treasury, the company is positioning itself to benefit from the potential growth and stability of digital assets. This move also aligns with the growing trend among corporations to diversify their treasury holdings by including cryptocurrencies. The merger with Nakamoto Holdings further underscores KindlyMD's strategic vision, as it seeks to integrate with a firm that has a deep understanding of the Bitcoin market.

The acquisition of Bitcoin and the planned merger with Nakamoto Holdings are significant steps for KindlyMD. These moves demonstrate the company's proactive approach to financial management and its willingness to explore innovative strategies to enhance its financial position. As KindlyMD continues to navigate the evolving landscape of digital assets, its recent actions are likely to have a positive impact on its long-term growth and competitiveness.