Finance

KindlyMD’s $679 Million Bitcoin Bet: How NAKA Aims for a Million BTC

August 19, 2025, 11:27 AM

Bitcoin cryptocurrency with gold coins, money, and miniature toys representing blockchain technology.

The gleaming Bitcoin sits atop a pile of gold and money, representing the ever-evolving world of digital finance and the future of blockchain technology. By Miami Daily Life / MiamiDaily.Life.

Executive Summary

KindlyMD (NAKA), through its subsidiary Nakamoto Holdings, acquired 5,743.91 BTC, bringing its total Bitcoin holdings to 5,764.91 BTC.

The recent Bitcoin acquisition, valued at approximately $679 million, was funded by proceeds from a private investment in public equity (PIPE).

NAKA’s CEO, David Bailey, articulated an ambitious long-term objective to accumulate “one million Bitcoin,” with a recent $200 million convertible note offering earmarked for additional purchases.

The Story So Far

KindlyMD (NAKA) is pursuing an aggressive, long-term strategy to accumulate Bitcoin as a core treasury asset, with a stated goal of one million BTC, and is funding these substantial acquisitions through mechanisms like private investments in public equity and convertible note offerings via its dedicated subsidiary, Nakamoto Holdings.

Why This Matters

KindlyMD’s substantial acquisition of over 5,700 BTC, coupled with its ambitious goal to accumulate one million Bitcoin, firmly establishes it as a significant corporate holder of the digital asset. This aggressive long-term strategy, notably funded through private investments in public equity (PIPE) and convertible note offerings, signals a novel approach to corporate finance for digital asset accumulation, potentially influencing how other companies integrate cryptocurrencies into their treasury strategies and investment plans.

Who Thinks What?

KindlyMD (NAKA), through its CEO and Chairman David Bailey, is pursuing an aggressive long-term strategy to accumulate Bitcoin as a treasury asset, with an ambitious goal of acquiring one million BTC.

KindlyMD (NAKA) has significantly expanded its Bitcoin treasury, announcing the acquisition of 5,743.91 BTC through its subsidiary, Nakamoto Holdings. This purchase marks the company’s first substantial Bitcoin accumulation since completing the merger that established its dedicated Bitcoin treasury vehicle, elevating its total holdings to 5,764.91 BTC. The strategic acquisition, valued at approximately $679 million, was executed at a weighted average price of $118,204.88 per coin and funded by proceeds from a recent private investment in public equity (PIPE).

Strategic Bitcoin Accumulation

The latest acquisition underscores KindlyMD’s aggressive strategy to build a substantial Bitcoin reserve. With this purchase, the company’s total Bitcoin holdings now stand at 5,764.91 BTC, positioning it as a notable corporate holder of the digital asset.

David Bailey, CEO and Chairman of NAKA, articulated the company’s ambitious long-term objective. Bailey stated that NAKA’s core mission is to accumulate “one million Bitcoin,” signaling a deep commitment to Bitcoin as a treasury asset.

Funding and Future Growth

The recent Bitcoin purchase was financed through the proceeds of a private investment in public equity. This funding mechanism allows NAKA to leverage external capital for its digital asset acquisition strategy.

Further bolstering its acquisition capabilities, NAKA also completed a $200 million convertible note offering on August 15. The proceeds from this offering are specifically earmarked for additional Bitcoin purchases, indicating a continued push towards its ambitious accumulation target.

KindlyMD’s recent acquisition of 5,743.91 BTC through Nakamoto Holdings, funded by a PIPE, demonstrates its firm commitment to a Bitcoin-centric treasury strategy. With total holdings now exceeding 5,700 BTC and a stated goal of accumulating one million Bitcoin, the company is actively pursuing its long-term vision through strategic financing and asset purchases.