The price of Bitcoin went above $122,286 today as a massive new buyer nears entering the market. All eyes are on Nakamoto Holdings Inc., the Bitcoin-native holding company set to complete its long-anticipated merger with healthcare provider KindlyMD (NASDAQ: NAKA). Once the merger is complete, Nakamoto will be cleared to begin purchasing bitcoin with over $760 million in capital.
The companies confirmed on July 22 that they have filed a definitive information statement with the U.S. Securities and Exchange Commission, marking the final step before closing. “Filing the definitive information statement is a critical milestone for this merger and accelerates our mission of acquiring one million Bitcoin,” said David Bailey, Founder and CEO of Nakamoto. “I’m very proud of the teams’ collaboration at Nakamoto and KindlyMD to get us one step closer to closing the merger.”
Ever since getting into Bitcoin I’ve always had this dream of smash buying $1b of bitcoin in a single bid. Tomorrow that dream comes true.
Gotta start dreaming bigger
— David Bailey
$1.0mm/btc is the floor (@DavidFBailey) August 11, 2025
“We are proud to reach this important milestone alongside Nakamoto,” added Tim Pickett, Founder and CEO of KindlyMD. “Our shareholders now have the opportunity to be part of a groundbreaking shift in how public companies approach treasury management, with Bitcoin at the center.”
Once finalized, the merger will allow Nakamoto to aggressively pursue its bitcoin acquisition strategy. The company made its first move earlier this year when KindlyMD purchased 21 BTC for $2.3 million. “A symbolic number to start the $NAKA mission,” Nakamoto posted on X. Pickett expanded on this purchase during the company’s Q2 earnings report, stating: “During the quarter we received approximately $9.2 million in proceeds from warrants exercises, which allowed us to make an initial purchase of 21 BTC valued at $2.25 million as of June 30, 2025.”
“We have a one-of-a-kind strategy at Nakamoto, once you see it in action you’ll understand why we’ll be one of the top holders of Bitcoin in the world,” Bailey said today. “We’re building a Bitcoin juggernaut.”
To further strengthen its leadership, Nakamoto announced last week the appointment of Amanda Fabiano as Chief Operating Officer. Fabiano, former Head of Mining at Galaxy Digital and Director of Bitcoin Mining at Fidelity Investments, brings over a decade of experience to the role. “We are thrilled to add Amanda to the Nakamoto team,” said Bailey. “Her track record of building institutional infrastructure and driving execution across complex organizations will provide immediate value.”
Fabiano added, “I am excited to join Nakamoto at such a pivotal time in its growth. Nakamoto is transforming bold ideas into real-world impact and pushing the frontier of institutional Bitcoin adoption.”
With the merger’s closing likely imminent, Bitcoin market participants are watching closely as Nakamoto prepares to deploy over $760 million into BTC—potentially adding major buying pressure in the days ahead.
Bitcoin will become the most valuable asset in human history.@nakamoto strategy = Get as many as you can, as fast as you can.
— David Bailey
Disclosure: Nakamoto is in partnership with Bitcoin Magazine’s parent company BTC Inc to build the first global network of Bitcoin treasury companies, where BTC Inc provides certain marketing services to Nakamoto. More information on this can be found here.
This post Bitcoin Price Soars Above $120K as Nakamoto Prepares $760 Million BTC Buy Post-Merger first appeared on Bitcoin Magazine and is written by Nik.