**Bitcoin Price Surges Past $120K as Nakamoto Plans Major BTC Acquisition**
The price of Bitcoin has surged above $122,286 today, driven by the anticipation of a significant new buyer entering the market. Attention is focused on Nakamoto Holdings Inc., a Bitcoin-centric holding company that is on the verge of completing its long-awaited merger with healthcare provider KindlyMD (NASDAQ: NAKA). Following the merger, Nakamoto is poised to begin acquiring Bitcoin with over $760 million in available capital.
On July 22, the companies announced that they had submitted a definitive information statement to the U.S. Securities and Exchange Commission, marking a crucial step toward finalizing the merger. David Bailey, Founder and CEO of Nakamoto, stated, “Filing the definitive information statement is a critical milestone for this merger and accelerates our mission of acquiring one million Bitcoin. I’m very proud of the teams’ collaboration at Nakamoto and KindlyMD to get us one step closer to closing the merger.”
Bailey expressed his ambition, saying, “Ever since getting into Bitcoin, I’ve always had this dream of buying $1 billion of Bitcoin in a single bid. Tomorrow that dream comes true. Gotta start dreaming bigger.”
Tim Pickett, Founder and CEO of KindlyMD, added, “We are proud to reach this important milestone alongside Nakamoto. Our shareholders now have the opportunity to be part of a groundbreaking shift in how public companies approach treasury management, with Bitcoin at the center.”
Once the merger is finalized, Nakamoto will aggressively pursue its Bitcoin acquisition strategy. Earlier this year, KindlyMD made its first move by purchasing 21 BTC for $2.3 million. Pickett elaborated on this purchase during the company’s Q2 earnings report, noting, “During the quarter, we received approximately $9.2 million in proceeds from warrant exercises, which allowed us to make an initial purchase of 21 BTC valued at $2.25 million as of June 30, 2025.”
Bailey emphasized Nakamoto’s unique strategy, stating, “We have a one-of-a-kind strategy at Nakamoto; once you see it in action, you’ll understand why we’ll be one of the top holders of Bitcoin in the world. We’re building a Bitcoin juggernaut.”
To bolster its leadership, Nakamoto recently appointed Amanda Fabiano as Chief Operating Officer. Fabiano, who previously served as Head of Mining at Galaxy Digital and Director of Bitcoin Mining at Fidelity Investments, brings over a decade of experience to her new role. Bailey remarked, “We are thrilled to add Amanda to the Nakamoto team. Her track record of building institutional infrastructure and driving execution across complex organizations will provide immediate value.” Fabiano expressed her excitement about joining Nakamoto at such a pivotal time, stating, “Nakamoto is transforming bold ideas into real-world impact and pushing the frontier.”
As Nakamoto prepares for its ambitious Bitcoin acquisition, the market watches closely, anticipating the potential impact on Bitcoin’s value and the broader cryptocurrency landscape.
**FAQ**
**What is Nakamoto Holdings Inc. planning to do with its capital?**
Nakamoto Holdings Inc. plans to use over $760 million in capital to aggressively acquire Bitcoin following its merger with KindlyMD.