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The value of Bitcoin surpassed $122,286 today as a significant new investor approaches entering the market. All attention is on Nakamoto Holdings Inc., the Bitcoin-centric holding entity expected to finalize its long-awaited consolidation with healthcare provider KindlyMD (NASDAQ: NAKA). Following the completion of the consolidation, Nakamoto will be authorized to start acquiring bitcoin with over $760 million in funds.
The firms announced on July 22 that they have submitted a definitive information statement to the U.S. Securities and Exchange Commission, representing the final hurdle before closure. “Submitting the definitive information statement is a pivotal achievement for this consolidation and propels our objective of acquiring one million Bitcoin,” remarked David Bailey, Founder and CEO of Nakamoto. “I’m incredibly proud of our teams’ collaboration at Nakamoto and KindlyMD that brings us closer to finalizing the merger.”
“We take great pride in achieving this significant milestone with Nakamoto,” mentioned Tim Pickett, Founder and CEO of KindlyMD. “Our shareholders now have the chance to engage in a groundbreaking transformation in how public companies handle treasury management, with Bitcoin at the forefront.”
Once concluded, the merger will permit Nakamoto to vigorously advance its bitcoin acquisition strategy. Earlier this year, the company took its first step when KindlyMD bought 21 BTC for $2.3 million. “A symbolic figure to initiate the $NAKA mission,” Nakamoto tweeted on X. Pickett elaborated on this acquisition during the company’s Q2 earnings report, stating: “Throughout the quarter, we realized approximately $9.2 million in revenues from warrant exercises, which enabled us to make a preliminary purchase of 21 BTC valued at $2.25 million as of June 30, 2025.”
“We possess a unique approach at Nakamoto; once you witness it in action, you’ll comprehend why we aim to be among the largest Bitcoin holders worldwide,” Bailey asserted today. “We’re constructing a Bitcoin powerhouse.”
To bolster its leadership further, Nakamoto revealed last week the appointment of Amanda Fabiano as Chief Operating Officer. Fabiano, the former Head of Mining at Galaxy Digital and Director of Bitcoin Mining at Fidelity Investments, brings over a decade of expertise to the position. “We are excited to welcome Amanda to the Nakamoto team,” said Bailey. “Her history of establishing institutional frameworks and executing complex organizational strategies will offer immediate benefits.”
Fabiano expressed, “I am eager to join Nakamoto during such a crucial phase in its expansion. Nakamoto is turning ambitious concepts into tangible outcomes and advancing the boundaries of institutional Bitcoin acceptance.”
With the merger’s completion anticipated soon, Bitcoin market participants are watching intently as Nakamoto gets ready to allocate over $760 million into BTC—likely creating considerable buying impetus in the upcoming days.
Disclosure: Nakamoto is collaborating with Bitcoin Magazine’s parent firm BTC Inc to construct the initial global network of Bitcoin treasury enterprises, wherein BTC Inc provides various marketing services to Nakamoto. Additional details can be found here.
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