KindlyMD, a Nasdaq-listed healthcare service and Bitcoin treasury firm, has kicked off its Bitcoin reserve strategy with a $679 million purchase. The company bought 5,744 BTC at an average price of $118,204 per coin, funded by the proceeds from private investment in public equity.
This is the first major acquisition since KindlyMD’s merger with David Bailey’s Nakamoto Holdings last week. Bailey, now CEO and chairman, emphasized that the company’s long-term goal is to acquire 1 million BTC, describing Bitcoin as the future anchor of global finance.
The purchase is over 13 times larger than Michael Saylor’s Strategy’s recent $51.4 million Bitcoin buy, although Strategy still holds the largest corporate Bitcoin treasury.
Bailey’s involvement highlights KindlyMD’s strong commitment, as he previously influenced Donald Trump’s favorable stance toward Bitcoin during the U.S. presidential campaign. The $679 million move signals both ambition and confidence in Bitcoin’s role in the evolving global economy.
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