Bitcoin News Today: KindlyMD Bets Big on Bitcoin’s Future with $679M Treasury Push

KindlyMD, Inc. (NASDAQ: NAKA) has significantly expanded its Bitcoin holdings through a major acquisition, bringing its total reserves to 5,764.91 BTC. The company announced on August 19, 2025, that its wholly owned subsidiary, Nakamoto Holdings, Inc., had acquired 5,743.91 BTC at a weighted average price of $118,204.88 per coin, for an aggregate cost of approximately $679 million. This acquisition marks the first major Bitcoin purchase by KindlyMD following the completion of its merger with Nakamoto Holdings in August 2025 [1].

The transaction was funded using proceeds from a private investment in public equity (PIPE) offering, which the company closed on August 15, 2025. These funds were specifically earmarked for Bitcoin purchases as part of KindlyMD’s broader treasury strategy. The acquisition aligns with the company’s long-term mission to accumulate one million Bitcoin, reinforcing its commitment to positioning Bitcoin as a core component of its corporate treasury [2].

In a statement, KindlyMD CEO and Chairman David Bailey emphasized the strategic importance of the acquisition, stating, “This acquisition reinforces our conviction in Bitcoin as the ultimate reserve asset for corporations and institutions alike. Our long-term mission of accumulating one million Bitcoin reflects our belief that Bitcoin will anchor the next era of global finance, and we are committed to building the most trusted and transparent vehicle to achieve that future.” The company also announced that it has secured over $760 million in PIPE and debt financing to support further Bitcoin acquisitions [3].

The move is part of a broader industry trend in which publicly traded companies are increasingly integrating Bitcoin into their balance sheets as a reserve asset. KindlyMD’s decision follows the structure of a Bitcoin-native holding vehicle, created through its merger with Nakamoto Holdings. The newly formed entity aims to combine institutional-grade Bitcoin treasury management with KindlyMD’s healthcare services, positioning it as a diversified entity operating in both the healthcare and cryptocurrency sectors [4].

The acquisition has already had an impact on KindlyMD’s stock price, with shares rising 4% in pre-market trading to $12.50, according to CoinDesk and Yahoo Finance reports. This reflects investor confidence in the company’s Bitcoin acquisition strategy and its broader mission to build a publicly traded Bitcoin treasury [2]. The company’s shares have seen increased volatility in recent weeks, with a 6% pre-market gain reported on August 19 [3].

The purchase price of $118,204.88 per Bitcoin places the acquisition near the upper end of the current Bitcoin price range, indicating that KindlyMD is taking a disciplined approach to its Bitcoin acquisitions. The company has not yet disclosed plans for when or how it may sell or otherwise utilize its Bitcoin holdings, but its stated goal of accumulating one million Bitcoin suggests a long-term holding strategy [1]. Analysts have noted that the company’s strategy is consistent with similar treasury vehicles in the cryptocurrency space, which often use Bitcoin as a hedge against macroeconomic uncertainties and as a store of value [4].

The acquisition underscores the growing convergence of traditional finance and the cryptocurrency markets. KindlyMD’s expanded Bitcoin holdings place it among a growing number of publicly traded companies with significant Bitcoin exposure. The company’s forward-looking statements include expectations around the long-term appreciation of Bitcoin, its role in global finance, and the potential for Bitcoin to serve as a reserve asset for corporations and institutions [1]. These statements, however, are subject to the risks and uncertainties inherent in the cryptocurrency market, including price volatility, regulatory developments, and cybersecurity threats [1].

Source:

[1] KindlyMD Acquires 5,744 BTC to Expand Nakamoto Bitcoin (https://nakamoto.com/update/kindlymd-acquires-5-744-btc-to-expand-nakamoto-bitcoin-treasury)

[2] NAKA News: 5,743.91 BTC Acquired (https://www.coindesk.com/markets/2025/08/19/kindlymd-naka-expands-bitcoin-treasury-with-usd679m-acquisition)

[3] KindlyMD acquires 5,744 BTC in its first Nakamoto Bitcoin (https://finance.yahoo.com/news/kindlymd-acquires-5-744-btc-122520808.html)

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