David Bailey Just Bet $679 Million on Bitcoin—Here’s Why This Move Could Change the Crypto Game Forever
Ever wondered what it takes to go all-in on Bitcoin with pockets deep enough to make Wall Street blink? Well, David Bailey, the sharp mind behind KindlyMD and President Trump’s Bitcoin confidant, just dropped a cool $679 million on Bitcoin—adding nearly 5,744 BTC to his treasury via Nakamoto Holdings. It’s not just a flashy flex; it’s a power move aimed at stacking one million Bitcoins as a corporate reserve. Bailey’s vision? To make Bitcoin the bedrock of the next wave in global finance, a cornerstone asset that’ll reshape how money moves worldwide. Now, that’s a statement worth pondering—is this the future of corporate treasuries or just a bold bet on digital gold? Either way, KindlyMD is climbing the ranks, now standing strong at sixteenth among corporate Bitcoin holders, leaving behind some well-known names. Buckle up, because this Bitcoin journey is just getting started. LEARN MORE.
Bailey thinks Bitcoin will be a foundation for the next phase of global finance, acting as a key asset in the financial system.
Key Takeaways
- KindlyMD acquired 5,744 Bitcoin worth approximately $679 million through its subsidiary Nakamoto Holdings.
- The purchase is part of KindlyMD’s strategy to accumulate one million Bitcoin as a corporate reserve asset.
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KindlyMD, led by President Donald Trump’s Bitcoin advisor David Bailey, announced Tuesday it had spent approximately $679 million to accumulate around 5,744 Bitcoin.
With the latest acquisition, KindlyMD’s Bitcoin stash surpasses 5,764 units, equating to over $655 million at current prices of about $113,840. The company used PIPE proceeds for the purchase as part of its strategy to acquire one million Bitcoin under the Nakamoto Bitcoin Treasury.
Commenting on KindlyMD’s BTC purchase, the first since it completed its merger with Nakamoto Holdings, CEO Bailey reiterated that his team is doubling down on Bitcoin as a cornerstone asset for the future.
“Our long-term mission of accumulating one million Bitcoin reflects our belief that Bitcoin will anchor the next era of global finance, and we are committed to building the most trusted and transparent vehicle to achieve that future,” he added.
KindlyMD now ranks sixteenth among corporate Bitcoin holders, ahead of firms like Semler Scientific and GameStop.
Shares of the company (NAKA) fell 14% at Tuesday’s open as Bitcoin slipped from above $115,800 to $113,846 amid a market-wide pullback.
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