Bitcoin News Today: KindlyMD Boosts Bitcoin Holdings to 5,764.91 BTC via $679M Purchase

KindlyMD has entered the Bitcoin treasury spotlight by acquiring 5,743.91 BTC through its subsidiary, Nakamoto Holdings Inc. The purchase, valued at approximately $679 million at an average price of $118,204.88 per coin, marks its first major Bitcoin acquisition since merging with Nakamoto Holdings in early August 2025. This acquisition increases KindlyMD’s total Bitcoin holdings to 5,764.91 BTC and positions it among the top 20 public companies by Bitcoin holdings, surpassing entities like Semler Scientific according to BitBo’s Bitcoin Treasuries dashboard [1].

The move is funded by recent financing activities, including a $200 million senior secured convertible note with Yorkville Advisors and a $540 million PIPE (private investment in public equity) offering tied to the merger. These funds are allocated for further Bitcoin purchases and operational needs as KindlyMD transitions into a “public Bitcoin operating company,” pairing its healthcare services with a growing digital asset reserve [2]. The convertible note is interest-free for the first two years and carries a 6% interest rate in year three, with an option to convert into KindlyMD shares at $2.80 per share [3].

“This acquisition reinforces our conviction in Bitcoin as the ultimate reserve asset for corporations and institutions alike,” said David Bailey, Chairman and CEO of KindlyMD. He emphasized the company’s long-term goal of accumulating one million Bitcoin under the Nakamoto Bitcoin Treasury, reflecting a broader institutional belief in Bitcoin’s role in global finance [4].

KindlyMD’s Bitcoin acquisition strategy follows a recent financial restructure. In Q2 2025, the company reported insurance reimbursements of $231,726, a 153% increase year-on-year, but total revenue declined by 36% to $408,527, primarily due to reduced patient service pricing and the closure of a clinic in Utah. The company also posted a net loss of $2.41 million, a significant increase from the previous year’s $1.32 million. Despite these challenges, financing activities generated $9.05 million in inflows, largely from warrant exercises, boosting net cash by 165% to $6.02 million [5].

The company has also strengthened its leadership in Bitcoin infrastructure by appointing Amanda Fabiano, formerly of Galaxy Digital and Fidelity, as COO of Nakamoto. Her appointment underscores KindlyMD’s commitment to developing institutional-grade Bitcoin treasury operations [6].

This acquisition and strategic shift were preceded by KindlyMD’s merger with Nakamoto Holdings in May 2025, making it one of the earliest healthcare businesses to adopt Bitcoin as a core asset. The merger was finalized on August 14, 2025, and coincided with the company’s Nasdaq listing upgrade to the Global Market under the ticker “NAKA,” a milestone it attributes to its institutional credibility in Bitcoin finance [7].

Globally, corporate Bitcoin holdings continue to expand. According to BitcoinTreasuries.net, over 289 companies now hold more than 3.67 million BTC, valued at approximately $418 billion. Notable holders include Marathon Digital Holdings with 50,000 BTC, Germany’s Bitcoin Standard Treasury Company with 30,000 BTC, and Japan’s Metaplanet with 19,000 BTC [8].

Amdax, an Amsterdam-based crypto service provider, has also launched AMBTS B.V., a new treasury vehicle aiming to become one of Europe’s largest institutional Bitcoin holders. The company plans to list on Euronext Amsterdam and accumulate 1% of the total Bitcoin supply. Meanwhile, U.S.-based Parataxis Holdings is preparing for a SPAC merger with SilverBox Corp IV, aiming to raise $640 million for a Bitcoin-focused listing on the NYSE [9].

As KindlyMD accelerates its Bitcoin acquisition strategy, the broader corporate adoption of Bitcoin continues to gain traction, with companies viewing the digital asset not only as a hedge but as a foundational element of modern treasury management.

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[1][3][4][5][6][7][8][9] https://cryptonews.com/news/kindlymd-snaps-up-5744-btc-is-the-nakamoto-bitcoin-treasury-becoming-cryptos-new-whale/