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KindlyMD, Inc. (NASDAQ: NAKA) has announced a major leap into crypto markets with the purchase of 5,743.91 Bitcoin through its subsidiary Nakamoto Holdings, Inc. The acquisition, valued at approximately $679 million, marks the company’s first Bitcoin buy since completing its merger. With this move, KindlyMD’s total Bitcoin holdings now stand at 5,764.91 BTC.
The company confirmed the Bitcoin was purchased at a weighted average price of $118,204.88 per coin using PIPE proceeds. Management emphasized this step as part of a disciplined long-term Bitcoin treasury strategy. The ultimate goal is to accumulate one million Bitcoin under the Nakamoto Bitcoin Treasury, positioning the firm as a leader in institutional Bitcoin adoption.
CEO and Chairman David Bailey said the purchase reinforces their strong belief in Bitcoin as the “ultimate reserve asset.” He added that the company is committed to building a transparent and trusted vehicle for corporations and institutions, while anchoring the next era of global finance with Bitcoin at its core.
