KindlyMD (NAKA), an integrated healthcare services provider, has pulled the trigger on its bitcoin BTC treasury strategy.
The acquired 21 bitcoin for roughly $2.3 million at an average cost of $109,027, according to a Tuesday press release. The purchase was funded by exercising some of the company’s outstanding warrants.
“Our first 1/millionth of all bitcoin, on our way to owning 1,000,000 bitcoin,” David Bailey, founder and CEO of Nakamoto Holdings, posted on X. “1 Nakamoto = 1m Bitcoin,” he added.
📖 Related Reading
- 📰 Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
- 📰 Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
NAKA is higher by 3.9% on Tuesday.
KindlyMD announced on May 12 that it had agreed to merge with Nakamoto Holdings in order to pursue a bitcoin accumulation strategy mirrored after Strategy’s (MSTR) playbook. The combined entity secured $710 million in financing.
📖 Related Reading
- 📰 Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
- 📰 Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
KindlyMD and Nakamoto will also partner up with custody firm Anchorage Digital to provide exclusive custody and trading services to the company post-merger, KindlyMD announced on May 21.
The merger is expected to close in the third quarter of 2025.
📖 Related Reading
- 📰 Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
- 📰 Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
🔗 You Might Also Be Interested In
Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
📖 Related Reading
- 📰 Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
- 📰 Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
🔗 You Might Also Be Interested In
Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
🔗 You Might Also Be Interested In
Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
🔗 You Might Also Be Interested In
Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!