KindlyMD Buys 21 BTC as First Step in Bitcoin Treasury Strategy
KindlyMD announced its initial purchase of 21 Bitcoins as it adopted the Bitcoin Treasury Strategy through a merger with Nakamoto Holdings.
Healthcare company KindlyMD acquired 21 Bitcoins for $2.3 million at an average price of $109,027 per Bitcoin. The purchase is part of the company’s Bitcoin treasury strategy upon closing a merger with Nakamoto.
To make its initial purchase, KindlyMD used part of the $8.7 million it received from investors who exercised their rights to buy shares (called warrants). In return, the company issued 1.4 million new shares and used some of that money to buy Bitcoin.
KindlyMD’s Bitcoin Treasury Plans
On May 20, 2025, KindlyMD shareholders approved its Bitcoin strategy through a merger with the Bitcoin-native company Nakamoto. Later, the company changed its NASDAQ ticker from “KDLY” to “NAKA”.
Speaking about their initial Bitcoin purchase, KindlyMD CEO Tim Pickett said they plan to accelerate their BTC strategy. The company’s announcement came during the Bitcoin Conference 2025 in Las Vegas. Pickett mentioned that there’s excitement among company investors attending the event, and that they are looking forward to the merger with Nakamoto.
David Bailey, Founder and CEO of Nakamoto, highlighted that the 21 Bitcoin purchase is symbolic, as it represents one-millionth of the total supply of Bitcoin.
Nakamoto Holdings, the company behind the merger, was launched in 2025 as a Bitcoin treasury firm aiming to build a global network of BTC-focused companies. By accumulating Bitcoin, it plans to develop an ecosystem of media, finance, advisory, and other firms.
The Growth of Bitcoin Treasury Companies
Bitcoin treasury companies have become one of the biggest crypto trends in 2025. These firms accumulate Bitcoin as a key part of their financial strategy for financial resilience, growth potential, and to increase shareholder value.
The largest publicly listed corporate Bitcoin holder is MicroStrategy. According to bitcointreasuries.net, MicroStrategy holds 576,230 BTC, worth more than $62.8 billion at current rates. The company has been buying Bitcoin since August 2020.
The list of companies holding Bitcoin is rapidly growing. Recently, Trump Media, the company behind Truth Social, announced plans to raise $2.5 billion to create a Bitcoin treasury.
As more firms adopt this model, Bitcoin is becoming a central asset in corporate finance.
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