KindlyMD | Crypto

Healthcare company KindlyMD recently merged with Nakamoto, a Bitcoin entity established by former Trump crypto adviser David Bailey, with the aim of acquiring 1 million BTC. Nasdaq-listed healthcare service provider and Bitcoin treasury company KindlyMD has acquired $679 million worth of Bitcoin for its corporate reserve. KindlyMD acquired 5,744 Bitcoin (BTC) for about $679 million at a weighted average price of $118,204 per Bitcoin, the company announced Tuesday. The purchase was made using private investment in public equity (PIPE) proceeds and reflects KindlyMD’s “disciplined Bitcoin treasury strategy,” the company said. Read more

David Bailey’s newly founded Nakamoto Holdings has merged with healthcare provider KindlyMD to create a global Bitcoin-native treasury network. Healthcare services provider KindlyMD has merged with Bitcoin-native holding company Nakamoto Holdings to build a BTC treasury. According to a May 12 announcement, Nakamoto Holdings — a new company founded by David Bailey, a crypto adviser to US President Donald Trump — plans to build the first global network of Bitcoin (BTC) treasury companies in partnership with BTC Inc. Bailey said: Long-term, the firm’s plan includes developing an ecosystem of Bitcoin-native companies, including media, advisory and financial services, all aiming to accelerate Bitcoin adoption and utility. The company resulting from the new merger aims to accumulate Bitcoin and grow the BTC held per share. Read more