- KindlyMD purchased 5,743.91 BTC for ~$679 million, bringing total holdings to 5,764.91 BTC.
- The buy was financed through a $540 million PIPE financing and a $200 million convertible note offering.
- The company is on a mission to amass 1 million BTC under its Nakamoto Bitcoin Treasury strategy.
KindlyMD, a healthcare provider turned Bitcoin treasury company, has acquired 5,743.91 BTC in its latest purchase. The company invested approximately $679 million to acquire the BTC. The new acquisition brings its total Bitcoin holdings to about 5,764.91 BTC.
This strategic move follows the company’s merger with Nakamoto Holdings, a Bitcoin-native holding company founded by David Bailey. The merger, finalized in mid-August 2025 and reported by CoinHeadlines earlier, positions Nakamoto as a wholly-owned subsidiary of KindlyMD and retains the KindlyMD name and its Nasdaq ticker NAKA.
PIPE-driven funding
The acquisition was funded through proceeds from a $540 million PIPE (Private Investment in Public Equity) financing, with additional support from a $200 million convertible note offering. The purchase comes on the back of the newly merged company’s bold target of building a Bitcoin treasury of one million BTC under the so-called Nakamoto Bitcoin Treasury initiative.
David Bailey, now CEO and Chairman of the combined entity, shared his vision then, stating, “Our mission is to accumulate one million Bitcoin and to anchor the next era of global finance”. Meanwhile, Tim Pickett, the former CEO now serving as Chief Medical Officer, affirmed that integrating Bitcoin into the company’s balance sheet brings the same value-preserving integrity the firm applies to healthcare.
At the time of the merger of Nakamoto and KindlyMD, the latter only had 21 BTC in its treasury. The latest acquisition marks a formidable first step toward realizing a Bitcoin-standard corporate treasury model.
