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.
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.
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.