KindlyMD Acquires 5,744 BTC to Expand Nakamoto Bitcoin Treasury

Rhea-AI Summary

KindlyMD (NASDAQ:NAKA) has announced its first major Bitcoin acquisition through its subsidiary Nakamoto Holdings, purchasing 5,743.91 BTC at an average price of $118,204.88, totaling approximately $679 million. This strategic move, funded through PIPE proceeds, brings the company's total Bitcoin holdings to 5,764.91 BTC.

The acquisition marks KindlyMD's first Bitcoin purchase following its merger completion and aligns with the company's ambitious goal of acquiring one million Bitcoin under the Nakamoto Bitcoin Treasury initiative. The company positions this strategy as part of its vision to establish Bitcoin as the premier reserve asset for institutional investors.

Positive

• Significant Bitcoin acquisition of 5,743.91 BTC worth $679 million
• Strong financial position demonstrated by substantial PIPE funding availability
• Clear strategic vision with goal to acquire 1 million Bitcoin
• First successful execution of Bitcoin treasury strategy post-merger

Negative

• High exposure to Bitcoin price volatility
• Significant capital allocation to single asset class
• Large cash deployment might limit operational flexibility

First Bitcoin Acquisition Following Completion of Merger with Nakamoto Raises Total Bitcoin Holdings to 5,764.91 BTC

SALT LAKE CITY, UT / ACCESS Newswire / August 19, 2025 / KindlyMD, Inc. (NASDAQ:NAKA) ("KindlyMD" or the "Company"), a provider of integrated healthcare services and institutional-grade Bitcoin treasury vehicle, today announced the acquisition of 5,743.91 Bitcoin through its wholly owned subsidiary, Nakamoto Holdings, Inc. ("Nakamoto"). This transaction represents the Company's first Bitcoin purchase since completing its merger and increases total holdings to 5,764.91 BTC.

The Bitcoin was purchased at weighted average price of $118,204.88 per Bitcoin for approximately $679,000,000. The purchase was made using PIPE proceeds, reflecting the Company's commitment to executing a disciplined Bitcoin treasury strategy and long-term mission to acquire one million Bitcoin under the Nakamoto Bitcoin Treasury.

"This acquisition reinforces our conviction in Bitcoin as the ultimate reserve asset for corporations and institutions alike," said David Bailey, Chief Executive Officer and Chairman of the Company. "Our long-term mission of accumulating one million Bitcoin reflects our belief that Bitcoin will anchor the next era of global finance, and we are committed to building the most trusted and transparent vehicle to achieve that future."

About KindlyMD

KindlyMD® is a patient-first healthcare company integrating traditional primary care, pain management, behavioral health, and alternative therapies to provide comprehensive, whole-person care. In August 2025, KindlyMD completed its merger with Nakamoto Holdings Inc., a Bitcoin-native holding company, to establish a publicly traded Bitcoin treasury vehicle. This strategic combination unites KindlyMD's healthcare expertise with Nakamoto's vision of integrating Bitcoin into global capital markets, creating a diversified entity focused on both healthcare innovation and Bitcoin treasury management.

For more information, please visit www.kindlymd.com.

Forward-Looking Statements

All statements, other than statements of historical fact, included in this press release that address activities, events or developments that that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements, as defined under U.S. federal securities laws, related to the Company. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and often include statements about our future operations, business strategies, plans, objectives, expectations, intentions, goals, projections, prospects, future events, or performance, as well as underlying assumptions. These statements-covering matters such as expectations, plans, strategic outlooks, financial projections, market conditions, regulatory environments, Bitcoin-related strategies, Bitcoin treasury management activities, and the Company's anticipated holding of Bitcoin as part of its corporate treasury are inherently uncertain and involve numerous assumptions and risks.

Forward-looking terms used may include, but are not limited to, "estimate," "project," "predict," "believe," "expect," "anticipate," "potential," "create," "intend," "could," "would," "may," "plan," "will," "guidance," "look," "goal," "future," "build," "focus," "continue," "strive," "allow," "seek," "aim," "target," or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements and similar expressions. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements include, but are not limited to, descriptions of the Company and its operations, strategies and plans, integration, debt levels and leverage ratio, capital expenditures, cash flows and anticipated uses thereof, including the purchase, custody, and potential sale or other use of Bitcoin, synergies, opportunities and anticipated future performance, including the management team and board of directors of the Company. These statements may also relate to broader macroeconomic trends, industry developments, technology adoption, competitive positioning, market expansion, product launches, research and development efforts, acquisitions or dispositions, legal or regulatory developments, and other initiatives that could affect our future business performance. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. These include risks relating to Bitcoin market volatility, cybersecurity and custody of digital assets, potential changes in laws or accounting standards relating to cryptocurrency, and regulatory developments affecting Bitcoin or other digital assets, as well as the risk that changes in the Company's capital structure and governance could have adverse effects on the market value of its securities; the ability of the Company to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on the Company operating results and business generally; the risk that the Company may be unable to reduce expenses or access financing or liquidity; the impact of any related economic downturn; the risk of changes in governmental regulations or enforcement practices; adverse impacts from geopolitical events, health crises, supply chain disruptions, changes to laws or accounting standards, cybersecurity threats or data breaches, intellectual property disputes, competitive pressures, or changes in consumer behavior; and other important factors that could cause actual results to differ materially from those projected. All such factors are difficult to predict and are beyond the Company's control, including those detailed in the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10- Q, Current Reports on Form 8-K, and such other documents of the Company filed, or to be filed, with the SEC that are or will be available on the Company's website at www.kindlymd.com and on the website of the SEC at www.sec.gov. All forward-looking statements are based on assumptions that the Company believes to be reasonable but that may not prove to be accurate. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company does not undertake any obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Nothing contained herein constitutes an offer to buy or sell securities of the Company or any other party, nor does it constitute a solicitation of any proxy or vote.

Contacts

Media

Carissa Felger / Sam Cohen
Gasthalter & Co.
Phone: (212) 257-4170
Email: Nakamoto@gasthalter.com

Investors

Valter Pinto, Managing Director
KCSA Strategic Communications
Phone: (212) 896-1254
Email: KindlyMD@KCSA.com

SOURCE: KindlyMD, Inc

View the original press release on ACCESS Newswire

FAQ

How many Bitcoin did KindlyMD (NAKA) acquire in August 2025?

KindlyMD acquired 5,743.91 Bitcoin at a weighted average price of $118,204.88 per Bitcoin, totaling approximately $679 million.

What is KindlyMD's (NAKA) total Bitcoin holdings after the August 2025 purchase?

Following the acquisition, KindlyMD's total Bitcoin holdings increased to 5,764.91 BTC.

What is KindlyMD's (NAKA) long-term Bitcoin acquisition goal?

KindlyMD's long-term mission is to acquire one million Bitcoin under the Nakamoto Bitcoin Treasury initiative.

How did KindlyMD (NAKA) fund its Bitcoin purchase in August 2025?

The Bitcoin purchase was funded using PIPE (Private Investment in Public Equity) proceeds.

What was the average purchase price for KindlyMD's (NAKA) Bitcoin acquisition?

KindlyMD purchased the Bitcoin at a weighted average price of $118,204.88 per Bitcoin.