- KindlyMD bought 5,743 BTC for 679 million after merging with Nakamoto Holdings.
- The company now holds over 5764 Bitcoin and ranks as the 16th largest public holder.
- KindlyMD plans to collect one million Bitcoin through its new treasury strategy.
KindlyMD has entered the corporate Bitcoin space following its merger with Nakamoto Holdings. The company acquired 5,743.91 BTC for approximately $679 million. This marked its first major Bitcoin investment since the deal.
The purchase was funded through $540 million in PIPE financing and a $200 million secured convertible note. The coins were bought at an average price of $118,204 per Bitcoin. With this acquisition, KindlyMD now holds a total of 5,764.91 BTC.
This positions the company among the top 20 public Bitcoin holders worldwide. It now ranks as the 16th largest by total BTC holdings.
New Hybrid Model Emerges Post-Merger
The merger created a new hybrid entity that blends healthcare and digital assets. The company now trades under the ticker symbol NAKA. Its treasury strategy is directed by the Nakamoto Bitcoin Treasury initiative.
The long-term goal is to accumulate one million BTC. That would represent around 5% of the total Bitcoin supply. This objective sets it apart from other corporate holders.
KindlyMD’s healthcare revenue will support ongoing Bitcoin purchases. The model relies on growing insurance reimbursements and patient service income. These earnings are expected to fuel future digital asset acquisitions.
Financial Growth and Operational Shifts
During the second quarter of 2025, KindlyMD saw mixed financial results. Insurance reimbursements increased 153% year-over-year to $231,726. However, it recorded a 36.7 percent drop in its total revenue to 408,527 due to service rates and a closed clinic.
The company achieved a net loss of 2.41 million, as compared to that of 1.32 million last year. In spite of this, its financial position was enhanced by financing activities. Additional funding was secured through warrant exercises and PIPE investment.
Mid-August, KindlyMD finalized a $200 million convertible note with Yorkville Advisors. This capital enabled the company to complete its large-scale Bitcoin acquisition.
Corporate Bitcoin Holdings Continue to Rise
The move places KindlyMD above several corporate holders, including GameStop and Semler Scientific. The firm’s Bitcoin total now exceeds those of multiple public companies combined.
Currently, more than 289 companies hold 3.67 million BTC collectively. Strategy leads the list with 629,376 BTC. Others include Trump Media with 150,000 BTC and Bitcoin Standard Treasury with 30,000 BTC.
KindlyMD’s target of one million BTC remains unmatched. Its Bitcoin strategy signals a long-term shift toward a digital reserve model within the corporate sector.
