KindlyMD makes initial purchase of 21 Bitcoin for $2.3M

Kindly MD announced that it has purchased 21 Bitcoin at a weighted average price of $109,027 per Bitcoin for approximately $2.3M. The company made this initial purchase of Bitcoin using a portion of the $8,748,370 gross proceeds received from the exercise of some of the company’s outstanding warrants, resulting in the issuance of 1,437,362 shares of common stock of the company. The purchase aligns with the company’s vision to adopt a Bitcoin treasury strategy through its proposed merger with Nakamoto Holdings, a Bitcoin-native holding company. “KindlyMD (NAKA) chose 21 BTC, which is one millionth of the total supply of bitcoin, as a symbolic first step on our journey to be the leading Bitcoin treasury strategy,” said David Bailey, Founder and CEO of Nakamoto. “There are many more milestones ahead and we can’t wait to continue to execute our roadmap with KindlyMD.”