Nasdaq-listed healthcare firm KindlyMD has officially entered the Bitcoin space with the purchase of 21 BTC as it prepares for a high-profile merger with Bitcoin-focused Nakamoto Holdings. The move highlights KindlyMD’s transformation toward a treasury-first Bitcoin strategy.
Symbolic $2.3M Bitcoin Investment Kicks Off BTC Strategy
The company acquired 21 Bitcoin at an average price of $109,027 per coin, totaling a $2.3 million investment. Funds were secured from $8.7 million in gross proceeds raised through recent warrant redemptions.
The purchase of exactly 21 BTC—representing one-millionth of Bitcoin’s total supply—is described as a deliberate, symbolic act. David Bailey, CEO of BTC Inc. and a key advisor to Nakamoto Holdings, called the acquisition “a milestone moment” in KindlyMD’s roadmap to becoming a corporate leader in Bitcoin holdings.
Merger to Accelerate Bitcoin Integration in Healthcare Sector
The merger between KindlyMD and Nakamoto Holdings was approved by shareholders on May 21. The deal includes a partnership with Anchorage Digital, a top-tier institutional crypto custody firm, further signaling the company’s commitment to Bitcoin integration at the enterprise level.
Nakamoto Holdings, launched earlier this year following Bailey’s $300 million raise, is designed to serve as a vehicle for Bitcoin accumulation and corporate adoption across sectors.
Leadership Sees Strong Market Confidence
KindlyMD CEO Tim Pickett emphasized investor confidence behind the move:
“The warrant redemptions that enabled this BTC purchase reflect strong support for our strategic vision. We see Bitcoin as a secure long-term store of value.”
He added that the company is focused on closing the merger and continuing to advance its Bitcoin treasury strategy with Nakamoto Holdings.
What’s Next for KindlyMD?
The merger is expected to finalize later in 2025, positioning KindlyMD as one of the few publicly traded healthcare firms aligning its financial reserves with Bitcoin. More purchases are likely ahead, according to Bailey, who noted:
“This is just the beginning. Our vision with KindlyMD goes far beyond this initial step.”
