In a bold move that intertwines healthcare innovation with digital finance, KindlyMD, Inc. (NASDAQ: NAKA) has initiated its Bitcoin treasury strategy by acquiring 21 BTC for approximately $2.3 million, at an average price of $109,027 per coin. This symbolic purchase represents one-millionth of Bitcoin’s total supply, signaling the company’s ambitious goal to eventually hold one million BTC. The acquisition was funded through the exercise of outstanding warrants, generating $8.7 million in gross proceeds and resulting in the issuance of over 1.4 million common shares.

This strategic investment aligns with KindlyMD’s forthcoming merger with Nakamoto Holdings, a Bitcoin-native holding company founded by David Bailey. The merger, announced earlier this month, aims to emulate the Bitcoin accumulation strategy of firms like MicroStrategy. The combined entity has secured $710 million in financing, including a $510 million private investment in public equity (PIPE), marking the largest PIPE for any public crypto-related transaction to date.

Post-merger, KindlyMD and Nakamoto Holdings will collaborate with Anchorage Digital, a federally chartered digital asset bank, to provide exclusive custody and trading services for the company’s Bitcoin holdings . The merger is expected to close in the third quarter of 2025, pending shareholder approval and customary closing conditions.

KindlyMD’s foray into Bitcoin reflects a broader trend of traditional companies integrating digital assets into their financial strategies. By combining its healthcare expertise with Nakamoto Holdings’ vision of a Bitcoin-centric financial ecosystem, the company positions itself at the forefront of this emerging paradigm. As the lines between traditional finance and digital assets continue to blur, KindlyMD’s strategic pivot underscores the growing institutional adoption of cryptocurrencies as a legitimate treasury asset.

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