Integrated healthcare firm KindlyMD has made a symbolic foray into Bitcoin with the purchase of 21 BTC ahead of its strategic merger with Nakamoto Holdings—a company dedicated to acquiring and holding Bitcoin. The move underscores KindlyMD’s commitment to evolving into a Bitcoin-native treasury company.
$2.3 Million Bitcoin Purchase Signals Treasury Pivot
KindlyMD confirmed the acquisition of 21 Bitcoin at an average price of $109,027 per coin, totaling approximately $2.3 million. The purchase was funded through gross proceeds from recent warrant exercises that generated $8.7 million.
The choice to acquire exactly 21 BTC is deliberate—representing one-millionth of Bitcoin’s maximum supply. “KindlyMD chose 21 BTC as a symbolic first step on our journey to become the leading Bitcoin treasury strategy,” said David Bailey, CEO of BTC Inc. and a crypto advisor to former President Donald Trump.
Merger with Nakamoto Holdings Positions KindlyMD as a Bitcoin Strategy Leader
The purchase comes just weeks after the announcement of the Nakamoto Holdings merger, a firm named in honor of Bitcoin’s creator, Satoshi Nakamoto. Bailey’s $300 million equity and convertible debt raise earlier this year laid the groundwork for the launch of Nakamoto Holdings.
KindlyMD shareholders approved the merger on May 21, setting the stage for an ambitious push into corporate Bitcoin adoption. The partnership also brings in Anchorage Digital, a well-known institutional crypto custody platform, which will help safeguard the newly acquired Bitcoin holdings.
Leadership Sees Strong Support for Bitcoin-Focused Vision
Tim Pickett, CEO of KindlyMD, expressed confidence in both the merger and the BTC purchase. “This strategic acquisition was made possible through substantial warrant redemptions, which we believe reflect strong investor backing for our merger and long-term belief in Bitcoin as a store of value,” he said.
Pickett also emphasized the company’s dedication to executing its Bitcoin-centric strategy as it works toward completing the merger later this year.
Strategic Vision and Roadmap
KindlyMD’s transition from a Nasdaq-listed healthcare company to a Bitcoin treasury player mirrors the path taken by MicroStrategy. The 21 BTC buy-in is just the beginning, according to Bailey. “There are many more milestones ahead, and we’re excited to execute our roadmap with KindlyMD,” he added.
The merger is expected to finalize later in 2025, potentially positioning KindlyMD as one of the first publicly traded healthcare firms to integrate Bitcoin into its financial strategy.
