KindlyMD Acquires $679M Worth of BTC to Expand Nakamoto Treasury

KindlyMD, a Nasdaq-listed healthcare service provider and Bitcoin treasury company, has made one of the year’s splashiest corporate Bitcoin moves. In a Tuesday announcement, the company disclosed the purchase of 5,744 BTC worth approximately $679 million. The BTC holdings were purchased at a weighted average price of $118,204.88 per coin. This brings KindlyMD’s total Bitcoin holdings to 5,764.9.

Update: KindlyMD adds 5,744 BTC to the Nakamoto Bitcoin Treasury. pic.twitter.com/D92nZxGZnq

— Nakamoto (@nakamoto) August 19, 2025

KindlyMD Targets 1M Bitcoin 

The latest acquisition marks the company’s first Bitcoin investment since completing its merger with David Bailey’s Bitcoin firm. The deal with Nakamoto Holdings was finalized on Friday. According to the firm, the purchase was funded with a private investment in public equity (PIPE) round, which raised $540 million. This move reflects KindlyMD’s disciplined Bitcoin treasury strategy. 

Moreover, the newly merged entity trading under the ticker NAKA aims to accumulate one million BTC. This goal demonstrates confidence that Bitcoin will define the next chapter of global finance.

“This acquisition reinforces our conviction in Bitcoin as the ultimate reserve asset for corporations and institutions alike. Our long-term mission of accumulating one million Bitcoin reflects our belief that Bitcoin will anchor the next era of global finance, and we are committed to building the most trusted and transparent vehicle to achieve that future,” David Bailey, Chief Executive Officer and Chairman of the Company, said.

The acquisition places KindlyMD among the expanding ranks of institutional Bitcoin holders. Michael Saylor’s Strategy still dominates the field with more than 629,000 BTC acquired for approximately $46.15 billion. KindlyMD’s entry, however, secures it a spot among the top 20 publicly tracked corporate treasuries. The firm now holds more Bitcoin than other firms such as Semler Scientific and GameStop.

Bold Move Amid Market Volatility

Meanwhile, the timing of KindlyMD’s Bitcoin acquisition was especially notable. The purchase came amid a significant pullback in BTC prices, as markets digested rate-cut delays, macro uncertainty, and geopolitical concern. 

At the time of writing, the apex coin trades at $113,677, representing an 8.24% decline from its peak. This value reflects a 1.5% drop in the last 24 hours. Despite the bearish market sentiment, Bernstein analysts remain unfazed. According to the experts, Bitcoin could reach between $150,000 and $200,000 within the next year.