Bitcoin · Bitcoin Magazine
Nakamoto Inc. (NAKA) Closes Last Healthcare Clinic, Completes Full Pivot to Bitcoin
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Nakamoto has completed its transformation into a pure-play Bitcoin company, shutting its final healthcare clinic and ending all remaining ties to its healthcare business.
Key facts
- KindlyMD shareholders approved the transaction by written consent on May 18, 2025, and the merger closed on August 14, 2025
- In June, the company sold roughly 600 BTC and Bitcoin derivatives to repay a debt obligation to Kraken, pushing the remaining loan maturities to 2027
- On May 12, 2025, KindlyMD entered into a definitive merger agreement with Nakamoto
- Bitcoin Magazine is published by BTC Inc, a subsidiary of Nakamoto Inc. (NASDAQ: NAKA)
Summary
Nakamoto Inc. (Nasdaq: NAKA) shut down its last legacy healthcare clinics on June 19, 2026, completing a pivot that transforms the Nashville-based company into a pure-play Bitcoin operating business with no remaining ties to the healthcare sector that once defined it. Remaining administrative tasks from the healthcare wind-down are expected to close out by the end of Q3 2026. Chairman and CEO David Bailey called it a clean break. The asset management arm, UTXO Management, handles public and private market investments across the Bitcoin ecosystem.