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
ETH Gains on BTC—Altcoin Season Index Vaults Higher as Crypto Frenzy Escalates
Following Jan. 30, 2025, blockchaincenter.net’s Altcoin Season Index reveals a 28.26% leap, vaulting from a low of 46 to its present tally of 59—a numerical crescendo hinting that the fabled ‘ Altcoin Season’ inches toward fruition. Across social media platforms like X, crypto-focused commentators n
Coinpedia6m ago
Strategy Signals Bitcoin Supply Shock With 2.2x New BTC Supply Acquired and 24,675 BTC Gain
Strategy Inc. accelerates bitcoin accumulation beyond network issuance, highlighting tightening supply dynamics as treasury performance metrics show rising BTC yield, gains, and sustained large-scale buying pressure.
Key Takeaways:
Strategy Inc. reported acquiring 94,470 BTC in 2026,
Coinpedia21m ago
Hyperscale Data first-quarter consolidated revenue increased by about 80% year over year to $45 million
Hyperscale Data expects its consolidated revenue for the first quarter of 2026 to reach $43 million to $45 million, up 72% to 80% compared with the same period in 2025. The growth is primarily driven by contributions from its Gresham and Ault Lending subsidiaries.
GateNews22m ago
SEC acknowledges mistaken enforcement in crypto, 95 companies face cumulative penalties of $2.3 billion
The U.S. Securities and Exchange Commission (SEC) acknowledges that its prior enforcement actions against the crypto industry have had shortcomings, emphasizing that the focus should not be on the number of cases. Since February 2025, seven crypto cases have been withdrawn, with the goal of adjusting policy. The new chair, Atkins, is pushing for regulatory innovation, proposing a “safe harbor” mechanism designed to give compliant space to startup crypto projects and aiming to reshape the industry’s compliance path.
GateNews35m ago
Attacking bitcoin mining with a quantum computer would require the energy of a star, academics say
Quantum computing headlines increasingly suggest bitcoin is on the verge of collapse, with claims that future machines could crack its cryptography in minutes or overwhelm the network entirely.
But academic research paints a more constrained picture. Some widely cited "breakthroughs" rely on
CoinDesk41m ago
