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.
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