KindlyMD (NAKA), a healthcare services provider, has made its initial move into bitcoin treasury management by purchasing 21 bitcoins, symbolizing a milestone as the company now holds one-millionth of the total bitcoin supply. This step marks the beginning of KindlyMD’s ambitious journey to eventually own one million BTC.
The acquisition, valued at approximately $2.3 million at an average price of $109,027 per bitcoin, was financed through the exercise of some of KindlyMD’s outstanding warrants, according to a company press release on Tuesday.
David Bailey, founder and CEO of Nakamoto Holdings, celebrated the milestone on X, stating, “Our first one-millionth of all bitcoin, on our way to owning 1,000,000 bitcoin.” He added the bold vision: “1 Nakamoto = 1m Bitcoin.”
Following the announcement, NAKA’s shares jumped 3.9% on Tuesday.
KindlyMD unveiled its plans on May 12 to merge with Nakamoto Holdings in order to adopt a bitcoin accumulation strategy inspired by the playbook of Strategy (MSTR). The combined firm has secured $710 million in funding to support its ambitious crypto goals.
Additionally, on May 21, the company announced a partnership with Anchorage Digital, which will provide exclusive custody and trading services once the merger is complete.
The merger is expected to finalize in the third quarter of 2025, setting the foundation for KindlyMD’s significant expansion into the bitcoin treasury space.
