KindlyMD "Playing Big" Purchases $679 Million in Bitcoin, Ranks Among the Top 20 Bitcoin Holding Companies Globally

Company #KindlyMD has just completed an impressive transaction, purchasing 5,743.91 BTC valued at approximately $679 million, at an average price of $118,204.88/BTC. This move immediately places KindlyMD - through its merger with Nakamoto Holdings - among the top 20 public companies globally holding the most Bitcoin.

Strategy and Ambition

KindlyMD's massive purchase $BTC indicates strong confidence in Bitcoin as a long-term strategic asset. The company has prepared a systematic financial plan to implement this strategy, including $540 million from private equity financing and $200 million from convertible bonds.

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

Market Reaction and Trends

Although KindlyMD (#NAKA ) stock initially rose, it subsequently fell by 12% due to investor concerns over the scale of this massive investment. However, KindlyMD's actions further solidify the trend of public companies establishing Bitcoin reserves, a trend 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