KindlyMD acquires $679M in bitcoin to advance treasury strategy

Published 2 months ago Positive
KindlyMD acquires $679M in bitcoin to advance treasury strategy
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* KindlyMD (NASDAQ:NAKA [https://seekingalpha.com/symbol/NAKA]) acquired 5,743.91 BTC via its subsidiary Nakamoto Holdings.
* Total bitcoin holdings now stand at 5,764.91 BTC.
* The BTC was purchased at a weighted average price of $118,204.88 per coin.
* The total purchase value was ~$679M.
* Funds came from PIPE proceeds post-merger.
* NAKA shares up 3% premarket on Tuesday.
* Source: Press release [https://seekingalpha.com/pr/20204730-kindlymd-acquires-5744-btc-to-expand-nakamoto-bitcoin-treasury]

MORE ON KINDLYMD

* KindlyMD and Nakamoto announce additional $51.5 million in PIPE financing to support bitcoin treasury efforts [https://seekingalpha.com/news/4460180-kindlymd-and-nakamoto-announce-additional-515-million-in-pipe-financing-to-support-bitcoin-treasury-efforts]
* Financial information for KindlyMD [https://seekingalpha.com/symbol/NAKA/income-statement]