Connect with us

Hi, what are you looking for?

Kindlymd 679m bitcoin nakamoto btc
Kindlymd 679m bitcoin nakamoto btc

Business

KindlyMD Shocks Markets with $679M Bitcoin Buy After Merger with David Bailey’s Nakamoto

KindlyMD, a healthcare-turned-Bitcoin treasury company, has made a jaw-dropping $679 million Bitcoin purchase, acquiring 5,744 BTC at an average price of $118,204. The move follows its merger with David Bailey’s Nakamoto Holdings and underscores its mission to accumulate 1 million BTC.

KindlyMD’s Bold Bitcoin Purchase

In one of the largest corporate Bitcoin buys of the year, KindlyMD has acquired 5,744 BTC worth $679 million.

The move comes just days after the Nasdaq-listed healthcare provider finalized its merger with Nakamoto Holdings, a Bitcoin entity created by David Bailey, a former Trump crypto adviser.


David Bailey’s Vision for KindlyMD

Bailey, now KindlyMD’s CEO, revealed the company’s bold mission: to acquire 1 million Bitcoin as a corporate reserve, betting on BTC as the “ultimate anchor of global finance.”

“This acquisition reinforces our conviction in Bitcoin as the premier reserve asset for corporations and institutions alike,” Bailey said.


KindlyMD vs MicroStrategy and Market Impact

KindlyMD’s buy dwarfs recent purchases by even Bitcoin giant MicroStrategy, led by Michael Saylor, whose latest acquisition totaled just $51 million.

The purchase was funded through a PIPE deal (Private Investment in Public Equity) and marks the company’s first major move since merging.

Still, markets reacted cautiously — KindlyMD’s stock fell more than 12% since the merger was announced in May.


The Bigger Picture: Bitcoin Adoption by Corporates

Yet, the company joins a growing wave of firms — from Japan’s Metaplanet to U.S. corporates exploring 401(k) Bitcoin allocations — racing to lock in BTC before the next bull cycle.

Analysts at Bitwise suggest such corporate adoption could push Bitcoin beyond $200,000 by 2025, calling it an even bigger catalyst than the ETF approval.


Conclusion

KindlyMD, however, isn’t waiting around — with its $679M buy, the company has officially planted its flag as one of Bitcoin’s newest whales.

author avatar
Alex
Formally freelance blogger Alex is passionate writer with interest in Finance and Business, fascinated about crypto following news and covering stories.
Advertisement

You May Also Like

Cryptocurrency

Grayscale becomes the first US crypto fund issuer to enable staking for Ethereum and Solana exchange-traded products (ETPs).

Law

Switzerland’s gambling regulator Gespa is reviewing FIFA’s “Right-to-Buy” NFTs for the 2026 World Cup to ensure compliance with gambling regulations.

Cryptocurrency

US Senator Cynthia Lummis has announced that funding for the Strategic Bitcoin Reserve (SBR) can begin now, though legislative and operational delays remain. The...

Cryptocurrency

The cryptocurrency of Binance, BNB, has surpassed XRP in market capitalization, currently valued at $182 billion. BNB has rallied 30% in just one week,...

polkadot
Polkadot (DOT) $ 3.30 8.80%
bitcoin
Bitcoin (BTC) $ 115,469.00 3.36%
ethereum
Ethereum (ETH) $ 4,185.33 9.17%
cardano
Cardano (ADA) $ 0.718399 10.70%
xrp
XRP (XRP) $ 2.62 9.54%
stellar
Stellar (XLM) $ 0.347511 6.66%
litecoin
Litecoin (LTC) $ 97.58 1.31%