KindlyMD Acquires $679M in Bitcoin, Eyes 1M BTC Treasury
KindlyMD, led by Bitcoin advisor David Bailey, acquired 5,744 BTC for $679 million through its subsidiary Nakamoto Holdings. This corporate Bitcoin treasury acquisition brings KindlyMD’s total holdings to over 5,764 BTC and aligns with its strategy to build a one-million-Bitcoin reserve. The purchase was funded by PIPE proceeds under the Nakamoto Bitcoin Treasury initiative. Bailey affirmed his belief that Bitcoin will serve as a cornerstone asset in the next era of global finance. After the announcement, NAKA shares fell 14% as Bitcoin slipped from above $115,800 to $113,846 amid a broader market pullback. KindlyMD now ranks sixteenth among corporate Bitcoin holders, surpassing Semler Scientific and GameStop.
Bullish
This large-scale purchase by KindlyMD contributes to sustained Bitcoin demand and underscores growing corporate interest in cryptocurrency. Historically, significant corporate acquisitions have buoyed Bitcoin prices by reducing available supply. While the market saw a short-term pullback — evidenced by a 14% drop in NAKA shares and a dip in Bitcoin’s price — the commitment to a one-million-BTC treasury signals long-term bullish fundamentals. Traders may anticipate further upside as institutional adoption continues, though short-term volatility could persist.