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

2d ago•

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

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

KindlyMD acquired 5,744 Bitcoin (BTC) for approximately $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.

2d ago•

Cointelegraph

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