KindlyMD Acquires 21 Bitcoins in Strategic Move
KindlyMD, a healthcare services provider, has bought 21 Bitcoins. this move comes as the company prepares to merge with Nakamoto Holdings. The latter focuses on acquiring and holding Bitcoin.
David Bailey, CEO of BTC Inc., launched Nakamoto Holdings recently. The company’s name honors Bitcoin’s creator, satoshi Nakamoto.KindlyMD,listed on Nasdaq,aims to become a leading Bitcoin treasury strategy. The 21 BTC purchase is a step in that direction.
KindlyMD bought the Bitcoins at an average price of $109,027 each. This totals a $2.3 million investment. The funds came from $8.7 million raised through warrant exercises.
Tim Pickett, CEO of KindlyMD, said the purchase reflects investor support.It also shows confidence in Bitcoin as a store of value. The merger with Nakamoto Holdings will close later this year.
Key points include:
- kindlymd bought 21 Bitcoins.
- The company is merging with Nakamoto Holdings.
- The purchase represents a $2.3 million investment.
- KindlyMD aims to become a leading Bitcoin treasury strategy.
KindlyMD shareholders approved the merger on May 21. The deal includes Anchorage Digital, a crypto custody platform. This signals a commitment to corporate Bitcoin adoption.
