Nakamoto ends medical clinic operations on June 19, 2026

Nakamoto said its last legacy healthcare clinic shut on June 19, completing the wind-down of the business it inherited through its merger with KindlyMD and leaving the Nashville-based company as a pure-play Bitcoin operating business. Chairman and CEO David Bailey described the move as a clean break, with the company now focused on media and information services, asset management and financial services, and consulting and advisory work designed to generate recurring revenue independent of Bitcoin's price. Through subsidiary BTC Inc., Nakamoto controls Bitcoin Magazine, The Bitcoin Conference, and the Bitcoin for Corporations program, while UTXO Management runs public and private market investments across the Bitcoin ecosystem. The transition has involved balance-sheet changes as well. Nakamoto said it sold 284 BTC in March 2026, recording a $166.2 million fair-value loss for fiscal 2025. In June, it sold about 600 BTC and Bitcoin derivatives to repay a debt obligation to Kraken and extend remaining loan maturities to 2027, ending that transaction with about 4,467 BTC. The company said remaining administrative tasks tied to the healthcare wind-down are expected to be completed by the end of the third quarter of 2026. The clinic business originated with KindlyMD, formerly KDLY, a Salt Lake City-based healthcare provider founded in 2019 as the Utah Therapeutic Health Center. KindlyMD entered a definitive merger agreement with Nakamoto on May 12, 2025, in a deal backed by more than $710 million in financing, including about $540 million in a PIPE raise and $200 million in convertible notes. Shareholders approved the transaction on May 18, 2025, the merger closed on August 14, 2025, and the combined company rebranded as Nakamoto Inc. in January 2026, trading on Nasdaq under the ticker NAKA.