The worth of Bitcoin went above $122,286 right now as a large new purchaser nears coming into the market. All eyes are on Nakamoto Holdings Inc., the Bitcoin-native holding firm set to finish its long-anticipated merger with healthcare supplier KindlyMD (NASDAQ: NAKA). As soon as the merger is full, Nakamoto will probably be cleared to start buying bitcoin with over $760 million in capital.
The businesses confirmed on July 22 that they’ve filed a definitive data assertion with the U.S. Securities and Alternate Fee, marking the ultimate step earlier than closing. “Submitting the definitive data assertion is a essential milestone for this merger and accelerates our mission of buying a million Bitcoin,” mentioned David Bailey, Founder and CEO of Nakamoto. “I’m very pleased with the groups’ collaboration at Nakamoto and KindlyMD to get us one step nearer to closing the merger.”
Ever since moving into Bitcoin I’ve all the time had this dream of smash shopping for $1b of bitcoin in a single bid. Tomorrow that dream comes true.
Gotta begin dreaming greater
— David Bailey
$1.0mm/btc is the ground (@DavidFBailey) August 11, 2025
“We’re proud to achieve this vital milestone alongside Nakamoto,” added Tim Pickett, Founder and CEO of KindlyMD. “Our shareholders now have the chance to be a part of a groundbreaking shift in how public corporations method treasury administration, with Bitcoin on the middle.”
As soon as finalized, the merger will permit Nakamoto to aggressively pursue its bitcoin acquisition technique. The corporate made its first transfer earlier this yr when KindlyMD bought 21 BTC for $2.3 million. “A symbolic quantity to begin the $NAKA mission,” Nakamoto posted on X. Pickett expanded on this buy throughout the firm’s Q2 earnings report, stating: “Throughout the quarter we obtained roughly $9.2 million in proceeds from warrants workout routines, which allowed us to make an preliminary buy of 21 BTC valued at $2.25 million as of June 30, 2025.”
“We’ve got a one-of-a-kind technique at Nakamoto, when you see it in motion you’ll perceive why we’ll be one of many prime holders of Bitcoin on the planet,” Bailey mentioned right now. “We’re constructing a Bitcoin juggernaut.”
To additional strengthen its management, Nakamoto introduced final week the appointment of Amanda Fabiano as Chief Working Officer. Fabiano, former Head of Mining at Galaxy Digital and Director of Bitcoin Mining at Constancy Investments, brings over a decade of expertise to the function. “We’re thrilled so as to add Amanda to the Nakamoto crew,” mentioned Bailey. “Her observe file of constructing institutional infrastructure and driving execution throughout complicated organizations will present speedy worth.”
Fabiano added, “I’m excited to affix Nakamoto at such a pivotal time in its development. Nakamoto is reworking daring concepts into real-world influence and pushing the frontier of institutional Bitcoin adoption.”
With the merger’s closing probably imminent, Bitcoin market members are watching carefully as Nakamoto prepares to deploy over $760 million into BTC—probably including main shopping for strain within the days forward.
Bitcoin will turn out to be essentially the most helpful asset in human historical past.@nakamoto technique = Get as many as you’ll be able to, as quick as you’ll be able to.
— David Bailey
Disclosure: Nakamoto is in partnership with Bitcoin Journal’s mum or dad firm BTC Inc to construct the primary world community of Bitcoin treasury corporations, the place BTC Inc supplies sure advertising and marketing providers to Nakamoto. Extra data on this may be discovered right here.
This put up Bitcoin Value Soars Above $120K as Nakamoto Prepares $760 Million BTC Purchase Submit-Merger first appeared on Bitcoin Journal and is written by Nik.
