KindlyMD buys $679M in Bitcoin after merger, sets sights on one million BTC treasury
The post KindlyMD buys $679M in Bitcoin after merger, sets sights on one million BTC treasury appeared on BitcoinEthereumNews.com.
KindliyMD healthcare facility bought 5,743.91 BTC through its fully owned subsidiary, Nakamoto Holdings Inc. This is the first purchase since the merger was completed in late July. The company revealed that the purchase was made at an average price of $118,204.88 per BTC, totaling $679 million. According to the company press release, funding for the purchase was accumulated through proceeds of a private investment in public equity (PIPE) and debt financing. The healthcare facility also completed a $200 million senior convertible note offering on August 15 with Yorkville Advisors, which was intended for additional Bitcoin purchases. KindlyMD sets the gear towards one million BTC treasury KindlyDM’s CEO and Chair, David Bailey, said that the purchase acknowledged their confidence in Bitcoin as a reserve asset considered by corporations and other similar organizations. He mentioned the company’s mission of buying up to one million Bitcoin via Nakamoto Bitcoin Treasury. Read the full announcement in the Nakamoto newsroom: https://t.co/tn58gv5PrC — Nakamoto (@nakamoto) August 19, 2025 On May 18, KindlyDM filed a final statement to finalize the merger, which prompted a 50.76% voting share in support and 50.14% approval related to financings on June 19. Nakamoto shareholders got 22.3 million shares of KindlyMD stock at $1.12 per share. The healthcare firm also raised $511.7 million via private placement of common stock and prefunded warrants at $1.12 per share. It also secured $51.5 million in a PIPE at $5.00 per share, which was allocated for Bitcoin purchases. The company issued a $200 million senior convertible debenture to Yorkville Advisors. The deal was backed by $400 million in BTC as collateral, with 0% interest for two years. For the third year, the interest rate will be 6%, and if there’s a default, it will be 18%. KindlyMD also received the 2025 Equity Incentive Plan, which sets…
Filed under: News - @ August 19, 2025 6:34 pm