The Bitcoin treasury company backed by BTC Inc. CEO David Bailey has officially renamed to Nakamoto Inc. (Nasdaq: NAKA). The business was formed through a merger with healthcare company KindlyMD, where the healthcare division will continue to operate under the legal entity Kindly LLC – a wholly owned subsidiary of Nakamoto.
David Bailey, Chairman and CEO of Nakamoto, stated that the name change aims to clearly affirm the company’s focus on becoming a pure Bitcoin company and to reinforce the commitment to supporting Bitcoin’s long-term development.
Launched in 2025, Nakamoto quickly became one of the most notable Bitcoin treasury companies, alongside Twenty One Capital. However, the scale of these companies still falls far short of Michael Saylor’s Strategy – a business holding 709,715 BTC, the largest among publicly listed companies.
In addition to direct Bitcoin accumulation, Nakamoto has invested in Metaplanet in Japan and a Bitcoin treasury model in Europe. Bailey has previously stated that his long-term goal is to own 5% of the total Bitcoin supply.
NAKA shares dropped more than 7% in the most recent session, trading around $0.39, well below the all-time high of $25.03 recorded at the end of May.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto Social Buzz: Bitcoin, Ethereum, and Emerging Coins Lead Discussion
Bitcoin hits 20M mined coins, fueling debates on supply, institutional buys, and market control.
Zcash seed round and privacy tech drive social buzz, while Tether gains attention via USAT launch.
Ethereum staking, Dogecoin rumors, and TRON AI partnerships dominate crypto social
CryptoFrontNews1h ago
Bitwise Explains How Bitcoin Could Hit $1 Million
Bitwise's report suggests Bitcoin could reach $1 million per coin by capturing 17% of a projected $121 trillion store-of-value market. With current adoption trends, institutional investments, and Bitcoin's position as a digital store of value, the path is viable despite inherent risks.
CryptoFrontNews1h ago
Nansen Integrates With Citrea, Bringing Onchain Visibility to Bitcoin’s ZK Rollup Ecosystem
Blockchain analytics solutions provider, Nansen has unveiled a new collaboration with Citrea to increase the amount of transparency and data accessibility in the emerging zero-knowledge rollup ecosystem in Bitcoin. The partnership will launch an analytical dashboard that will enable users to
BlockChainReporter2h ago
Bitcoin Holds $69K–$71K Range Amid Middle East Ceasefire Confusion
Bitcoin hovered in a narrow band between $69,000 and $71,000 as traders weighed mixed diplomatic signals over a possible Middle East ceasefire.
Divergent Signals From Washington
Bitcoin maintained a tight consolidation pattern between $69,000 and $71,000 Wednesday as market participants
Coinpedia3h ago
