KindlyMD expands bitcoin reserves, acquiring 5,744 bitcoins

According to Hash World Chain news, Nasdaq-listed company KindlyMD announced the acquisition of 5,743.91 bitcoins through its wholly-owned subsidiary Nakamoto Holdings, increasing its total holdings to 5,764.91 bitcoins. This marks the company's first bitcoin purchase following its merger with Nakamoto, with a transaction amount of approximately $679 million, and an average price reaching $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 plans to accumulate up to 1 million bitcoins in the long term to drive a new era of global finance. Previous reports indicated that KindlyMD completed a $200 million convertible bond financing to increase its bitcoin holdings.