KindlyMD Purchases 5,744 Bitcoin in August Acquisition
KindlyMD, following its merger with Nakamoto Holdings, confirmed a $679 million Bitcoin purchase using PIPE financing, underscoring its ambition to build a million-BTC treasury and expand its role in corporate Bitcoin adoption.
In an official press release, KindlyMD announced the acquisition of 5,743.91 BTC for approximately $679 million at an average price of $118,204.88 per Bitcoin. This marked its first major Bitcoin purchase since merging with Nakamoto Holdings in August 2025. The transaction, funded by a private investment in public equity (PIPE) and proceeds from a $200 million convertible note offering, brings its total holdings to 5,764.91 BTC. CEO David Bailey reaffirmed the company’s long-term goal of accumulating one million BTC as part of its treasury strategy. The move reflects a broader trend in 2025 of corporations establishing dedicated Bitcoin acquisition vehicles, with traditional financial institutions increasingly recognizing Bitcoin as a treasury asset.
- Bitcoin Treasury Company: A firm that holds Bitcoin as part of its primary reserve or balance sheet strategy, similar to how companies traditionally hold cash or gold.
- BTC (Bitcoin): The native cryptocurrency of the Bitcoin network, widely used as a digital store of value and medium of exchange.
- PIPE (Private Investment in Public Equity): A method for publicly traded companies to raise capital by selling shares directly to private investors, often at a discount to market price.