KindlyMD Acquires 21 Bitcoin, Initiates Treasury Strategy – Coincu

KindlyMD, a healthcare service provider, announced the purchase of 21 Bitcoin on May 28, 2025, as part of its newly established treasury strategy.

The acquisition marks a substantial step in the company’s strategy to enhance their treasury reserve with Bitcoin, echoing a trend seen among companies in recent years.

KindlyMD’s Strategic Bitcoin Investment Sparks Market Interest

KindlyMD announced on May 28 its purchase of 21 Bitcoin at an average price of $109,027 each, totaling around $2.3 million. This purchase was financed through unexercised warrants, a move consistent with its broader treasury strategy in anticipation of a merger with Nakamoto Holdings. The merger, receiving shareholder approval and support, is part of a larger plan to establish a crypto-focused conglomerate. This transaction aligns with KindlyMD’s Bitcoin reserve strategy, modeled after MicroStrategy’s successful approach.

The company’s stock on NASDAQ increased by 3.9% following the announcement, showing immediate investor response. David Bailey, founder of Nakamoto Holdings, emphasized the symbolic purchase of 21 BTC, representing one millionth of the total Bitcoin supply, as an essential first step in their roadmap. CEO Tim Pickett highlighted the purchase as a demonstration of investor support for the merger.

Tim Pickett, CEO, KindlyMD, stated, ‘This strategic purchase was possible after significant warrant redemption, which we believe reflects our investor’s support of the merger and in our confidence of Bitcoin as a store of value. We look forward to working diligently towards the closing of our merger with Nakamoto to further accelerate our Bitcoin treasury strategy.’

The market reacted positively, as evidenced by the stock price increase. CEO Tim Pickett expressed enthusiasm about advancing the Bitcoin treasury strategy. This places KindlyMD among companies taking substantial steps to incorporate Bitcoin into their financial strategies, generating interest within the investment community.

Bitcoin’s Corporate Adoption: KindlyMD’s Bold Move

Did you know? The purchase of 21 Bitcoin by KindlyMD aligns with the total circulation symbolically, coinciding with Bitcoin’s historical significance and widespread corporate adoption over the past decade.

Bitcoin (BTC) is currently traded at approximately $109,079.98, with a market cap nearing $2.17 trillion, according to CoinMarketCap. Exhibiting a dominance of 62.94%, Bitcoin’s circulating supply is close to maximum, with significant 60 to 90-day growth rates observed. The last 24 hours saw a trading volume of approximately $57.39 billion, reflecting a 25.44% change recently.

Expert analysis from the Coincu research team notes that KindlyMD’s move may influence cryptocurrency adoption across healthcare sectors. The merger with Nakamoto Holdings is expected to drive further Bitcoin-focused strategies, potentially impacting corporate finance models as companies seek regulatory compliance and new investment avenues.