KindlyMD’s Bold Bitcoin Bet: Acquiring 21 BTC Ahead of Merger with Nakamoto
In a strategic move echoing MicroStrategy’s playbook, KindlyMD (NAKA) has purchased 21 Bitcoin (BTC) for approximately $2.3 million, funded through warrant exercises. This acquisition marks the beginning of an ambitious plan by Nakamoto Holdings CEO David Bailey, who envisions a future where ’1 Nakamoto = 1 BTC.’ With Bitcoin currently trading at $110,117.04 USDT (as of May 28, 2025), this bold treasury strategy highlights the growing corporate adoption of Bitcoin as a reserve asset. The merger between KindlyMD and Nakamoto could further solidify this crypto-forward approach in the healthcare sector.
KindlyMD Acquires 21 Bitcoin Ahead of Merger with Nakamoto
KindlyMD (NAKA), an integrated healthcare services provider, has executed its bitcoin treasury strategy by purchasing 21 BTC for approximately $2.3 million. The acquisition, funded through warrant exercises, underscores the company’s commitment to mirroring MicroStrategy’s bitcoin accumulation playbook.
David Bailey, founder and CEO of Nakamoto Holdings, framed the MOVE as the first step toward an ambitious goal: "1 Nakamoto = 1m Bitcoin." The announcement follows KindlyMD’s May 12 merger agreement with Nakamoto, which secured $710 million in financing to pursue institutional-scale BTC holdings.
NAKA shares rose 3.9% on the news, reflecting market Optimism about the healthcare firm’s pivot toward digital asset strategy. The merger partners plan to collaborate with a custody provider to secure their growing bitcoin reserves.
Cantor Fitzgerald’s $2 Billion Bitcoin Lending Business Executes First Transactions
Cantor Fitzgerald’s newly launched Bitcoin lending division has completed its inaugural transactions, marking a significant expansion of the investment bank’s crypto footprint. Prime broker FalconX and decentralized credit platform Maple Finance are confirmed as the first counterparties to utilize the facility.
The New York-based firm, operating under its Cantor Fitzgerald parent, plans to deploy up to $2 billion in institutional-grade crypto financing during this initial phase. The move signals growing institutional demand for regulated digital asset lending solutions amid Bitcoin’s maturation as collateral.
Bitcoin Price May Crash Before BTC Rally To $320k This Cycle: Analysts
Bitcoin hovers NEAR $110,000 as analysts debate its next move. On-chain data reveals robust market interest, yet recent trends suggest an impending pullback.
The cryptocurrency added 4% this week, but volatility looms. One prominent forecaster maintains a $320,000 price target for this market cycle, contrasting with more cautious outlooks.
Trading volume surged 4% as BTC fluctuated around $109,500. Market participants remain divided between short-term skepticism and long-term bullishness.
Bitcoin Stabilizes Near Record High as Institutional Demand Fuels Bullish Sentiment
Bitcoin hovers near its all-time high of $109,600, demonstrating resilience amid a consolidation phase. Trading volumes continue to climb, reinforcing the bullish momentum across all timeframes. The cryptocurrency remains technically supported above its previous peak, with market participants eyeing key resistance levels for potential breakout opportunities.
Institutional inflows via ETFs underscore growing mainstream adoption, mirroring the euphoric sentiment among traders. Derivatives markets reflect equilibrium, though rising open interest and slightly positive funding rates suggest lingering bullish bias. The market’s appetite for risk assets remains undiminished as capital flows into digital assets accelerate.
Marathon Digital CEO Proposes U.S. Government Mine Bitcoin for Strategic Reserve
Marathon Digital Holdings CEO Fred Thiel has suggested the U.S. government could mine Bitcoin to build a strategic reserve, leveraging excess hydroenergy for budget-neutral acquisition. The proposal comes amid uncertainty over how the TRUMP administration will implement its March executive order authorizing the reserve.
Speaking at Bitcoin 2025 in Las Vegas, Thiel emphasized domestic mining as a viable pathway for the government to accumulate BTC without fiscal strain. The strategy aligns with President Trump’s directive but lacks clear execution timelines.
