David Bailey’s KindlyMD kicks off Bitcoin treasury with massive $679M buy

Healthcare company KindlyMD recently merged with Nakamoto, a Bitcoin entity established by former Trump crypto adviser David Bailey, with the aim of acquiring 1 million BTC.

Nasdaq-listed healthcare service provider and Bitcoin treasury company KindlyMD has acquired $679 million worth of Bitcoin for its corporate reserve.

KindlyMD acquired 5,744 Bitcoin (BTC) for about $679 million at a weighted average price of $118,204 per Bitcoin, the company announced Tuesday.

The purchase was made using private investment in public equity (PIPE) proceeds and reflects KindlyMD’s “disciplined Bitcoin treasury strategy,” the company said.

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