KindlyMD Invests $679 Million in Bitcoin for Corporate Reserve

Healthcare service provider and Bitcoin treasury firm KindlyMD has made a significant investment, acquiring $679 million worth of Bitcoin. The company purchased 5,744 Bitcoins (BTC) at an average price of $118,204 per Bitcoin, marking the first foray into Bitcoin investments since its merger with David Bailey’s Bitcoin firm, Nakamoto Holdings. The purchase reflects KindlyMD’s ‘disciplined Bitcoin treasury strategy’, using proceeds from a private investment in public equity (PIPE) financing.