KindlyMD’s Nakamoto Unit Buys 5,743.91 BTC in $679M Deal, Raising Treasury to 5,764.91 BTC
Published Aug. 19, 2025 — KindlyMD, through its Nakamoto Holdings subsidiary, completed a large Bitcoin purchase of 5,743.91 BTC, its first significant acquisition since the companies merged. The transaction increases the firm’s total Bitcoin holdings to 5,764.91 BTC.
The purchase was executed at a weighted average price of $118,204.88 per bitcoin, and the $679 million used to fund the deal came from proceeds of a private investment in public equity (PIPE) financing. KindlyMD said the acquisition advances its stated long-term objective to accumulate one million bitcoins. CEO David Bailey framed the move as a vote of confidence in bitcoin’s role as a corporate reserve asset and reiterated the company’s commitment to building a transparent vehicle for institutional bitcoin ownership. Following the announcement, NAKA shares rose about 4% in pre-market trading, trading near $12.50.
KindlyMD’s bitcoin holdings are now valued at more than $680 million. The company presented the purchase as a foundational step toward its ambitious accumulation target. Note: the original report was published Aug. 19, 2025, and credited to James Van Straten; CoinDesk indicated parts of the article were generated with AI assistance and subsequently edited and reviewed by the editorial team.
