Nakamoto, the Bitcoin treasury and investment company led by David Bailey, co-founder of $BTC Inc., on Monday announced that its legacy healthcare clinics stopped operating on June 19, 2026, with final administrative steps expected in the third quarter.
The Nasdaq-listed firm now operates purely as a Bitcoin company across media, asset management, and consulting verticals.
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From healthcare to Bitcoin treasury
The company now known as Nakamoto Inc. began as KindlyMD, a healthcare provider focused on pain management and related services. In 2025, it merged with Nakamoto Holdings and pivoted into a Bitcoin treasury and operating company, with the public rebrand to Nakamoto following in early 2026.
In 2026, Nakamoto expanded beyond treasury management by acquiring $BTC Inc. and UTXO Management in all-stock transactions, bringing Bitcoin media, events, and asset management into its operating platform. $BTC Inc. owns Bitcoin Magazine and the Bitcoin Conference, while UTXO Management provides the asset management component.
Nakamoto’s Bitcoin treasury has been reported at roughly 5,058 $BTC at the end of March 2026 and about 4,467 $BTC after later asset sales used to reduce debt and financing costs.