Kenkenlymd (Naka), an integrated healthcare provider, has drawn the trigger on his Bitcoin
Treasury strategy.
It acquired 21 bitcoin for approx. $ 2.3 million at an average cost of $ 109,027, according to a press release Tuesday. The purchase was funded by practicing some of the company’s outstanding warrants.
“Our first 1/million. Of all Bitcoin, on the way to owning 1,000,000 Bitcoin,” David Bailey, founder and CEO of Nakamoto Holdings, posted on X. “1 Nakamoto = 1m Bitcoin,” he added.
Naka is higher with 3.9% on Tuesday.
On May 12, Kenkenlymd announced that it agreed to merge with Nakamoto Holdings to pursue a Bitcoin accumulation strategy that was mirrored according to the strategy (Mstr) PlayBook. The total unit secured $ 710 million in financing.
Kendlymd and Nakamoto will also collaborate with the custody company Anchorage Digital to provide exclusive custody and trade services to the company after the merger, Kindlymd announced on May 21.
The merger is expected to close in the third quarter of 2025.
