NASDAQ-listed KindlyMD has revealed a $5 billion stock sale as part of its Bitcoin accumulation strategy.
Bitcoin Holding Details
KindlyMD's Bitcoin journey started on May 27, 2025, with only 21 coins. The first major purchase occurred on August 19, when the company acquired 5,744 BTC for $679 million. Currently, the company holds 5,765 BTC, valued at approximately $642 million at an average price of $118,171 per coin. However, the value of its holdings has decreased by 5.7%, indicating a short-term loss on this investment.
Stock Market and Financials
Investors responded cautiously to KindlyMD's Bitcoin investment decision. NAKA stock fell 12% on Tuesday and dropped another 2.7% in after-hours trading to $7.85, though it has recovered slightly to $8.07. Despite the recent decline, the company's shares are still up 330% since May and 550% this year due to excitement surrounding its asset accumulation plan.
Growing Corporate Adoption of Cryptocurrency
This move places KindlyMD among a growing list of public companies holding Bitcoin, including MicroStrategy with 632,457 BTC and MARA Holdings with 50,639 BTC. The trend of corporate interest in cryptocurrency is growing across various sectors, reflecting a shift in financial and investment approaches.
KindlyMD's decision to pursue Bitcoin accumulation highlights the importance of corporate investments in cryptocurrency, reflecting a wider trend of increasing adoption of digital assets in the economy.
