KindlyMD, Inc. announced on Tuesday that it acquired 5,743.91 Bitcoin through its subsidiary Nakamoto Holdings, marking its first purchase since completing a merger with the digital asset firm earlier this year.
The transaction brings the company’s total Bitcoin holdings to 5,764.91 BTC, according to a statement. The purchase was executed at a weighted average price of $118,204.88 per Bitcoin, for a total outlay of about $679 million.
Merger Fuels First Treasury Expansion
The acquisition is the first since KindlyMD finalized its merger with Nakamoto Holdings, which was designed to establish a dedicated Bitcoin treasury strategy within the healthcare and financial services firm. The company said it used proceeds from a private investment in public equity, or PIPE, to fund the purchase.
Chief Executive Officer David Bailey said the transaction reflects the company’s plan to build a long-term Bitcoin treasury, which he described as central to its strategy following the merger.
Targeting One Million Bitcoin
KindlyMD has outlined an ambitious objective of accumulating as much as one million Bitcoin through Nakamoto’s treasury program. While the company did not provide a timeline for reaching that target, Bailey said the mission reflects a belief that Bitcoin will play an increasingly important role in global finance.
The company also said the structure of Nakamoto Holdings is designed to provide corporate and institutional investors with a transparent vehicle for exposure to the digital asset.
Broader Context
KindlyMD, which operates integrated healthcare services, has expanded into cryptocurrency holdings through its merger with Nakamoto, reflecting a growing trend of corporations adding Bitcoin to their balance sheets. The move comes as Bitcoin prices have continued to fluctuate in 2025, with increasing participation from public companies and institutional investors.
While corporate treasury strategies involving Bitcoin remain a subject of debate among analysts and regulators, proponents argue that the digital currency offers an alternative to traditional reserve assets. KindlyMD’s decision underscores its alignment with companies that view Bitcoin as a hedge against inflation and as a long-term store of value.
