KindlyMD acquires 5,744 bitcoins, expanding Nakamoto reserves

According to reports, Nasdaq-listed company KindlyMD announced the acquisition of 5,743.91 bitcoins through its wholly-owned subsidiary Nakamoto Holdings, bringing its total holdings to 5,764.91 bitcoins. This is the company's first bitcoin purchase following the completion of the merger with Nakamoto, with a transaction amount of approximately $679 million and an average purchase 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 enterprises and institutions, with plans to accumulate up to one million bitcoins in the long term to drive a new era in global finance. Previously, it was reported that KindlyMD completed $200 million in convertible bond financing for increasing its bitcoin holdings.