KindlyMD 'goes big' buying 679 million USD in Bitcoin, enters top 20 BTC treasury

Company #KindlyMD has just executed an impressive transaction, purchasing 5,743.91 BTC valued at approximately 679 million USD, with an average price of 118,204.88 USD/BTC. This move immediately placed KindlyMD - through its merger with Nakamoto Holdings - into the top 20 public companies holding the most Bitcoin in the world.

Strategy and ambition

The large-scale purchase of $BTC by KindlyMD demonstrates a strong belief in Bitcoin as a long-term strategic asset. The company has prepared a structured financial plan to execute this strategy, including raising 540 million USD from private equity and 200 million USD from convertible bonds.

CEO David Bailey has set an ambitious goal of accumulating 1 million BTC in the long term, equivalent to 5% of Bitcoin's fixed total supply. He believes that Bitcoin will become a pillar of the new global financial era.

Market reaction and trends

Although KindlyMD's (#NAKA ) stock initially rose, it later fell by 12% due to investor concerns over the massive scale of the investment. However, KindlyMD's actions have further reinforced the trend of public companies building Bitcoin treasuries, pioneered by Strategy (formerly MicroStrategy).

Companies like Metaplanet and Trump Media are also actively participating in this trend, indicating that Bitcoin is increasingly being viewed as a mainstream reserve asset. #anhbacong