KindlyMD Purchases 21 Bitcoin for $2.3 Million as Treasury Strategy
KindlyMD (NAKA) has implemented a bitcoin treasury strategy by acquiring 21 bitcoins for approximately $2.3 million, averaging $109,027 each. The purchase was funded through the exercise of outstanding warrants.
Key facts:
- David Bailey, CEO of Nakamoto Holdings, stated their goal is to eventually own 1,000,000 bitcoins.
- NAKA shares increased by 3.9% on Tuesday.
- On May 12, KindlyMD announced a merger with Nakamoto Holdings to adopt a bitcoin accumulation strategy similar to that of Strategy's (MSTR).
- The merger aims to secure $710 million in financing.
- Post-merger, KindlyMD will partner with Anchorage Digital for custody and trading services.
- The merger is set to close in Q3 2025.