KindlyMD Acquires 5,744 Bitcoins to Expand Nakamoto Bitcoin Reserve

Nasdaq-listed company KindlyMD announced that it has acquired 5,743.91 bitcoins through its wholly-owned subsidiary, Nakamoto Holdings, bringing its total holdings to 5,764.91. This is the company's first bitcoin purchase since the completion of its merger with Nakamoto. The transaction value was approximately $679 million, with an average price of $118,204.88 per bitcoin. KindlyMD CEO David Bailey stated that this move reflects the company's belief in Bitcoin as the ultimate reserve asset for businesses and institutions, and that it plans to accumulate to one million bitcoins over the long term to drive a new era of global finance. Previously, KindlyMD had completed $200 million in convertible bond financing to increase its bitcoin holdings.