The price of Bitcoin went over $ 122,286 today as a massive new buyer is approaching to enter the market. All eyes are at Nakamoto Holdings Inc., Bitcoin-Native Holding Company, which is set to end its long-expected merger with the health provider Kindlymd (Nasdaq: Naka). Once the merger is completed, Nakamoto will be cleared to start buying Bitcoin with over $ 760 million in capital.
On July 22, the companies confirmed that they have submitted a final statement of information to the US Securities and Exchange Commission, which marked the final step before closing. “Filing the final statement of information is a critical milestone for this merger and accelerates our mission to acquire a million Bitcoin,” said David Bailey, founder and CEO of Nakamoto. “I am very proud of the team’s collaboration in Nakamoto and friendly to get us one step closer to closing the merger.”
“We are proud to reach this important milestone with 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 are approaching Treasury Management, with Bitcoin in the center.”
Once completed, the merger will allow Nakamoto to aggressively pursue its Bitcoin acquisition strategy. The company made its first step earlier this year when Kindlymd bought 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 earnings report in the 2nd quarter and said, “During the quarter we received about $ 9.2 million in revenue from Warrants exercises, which enabled us
“We have a one-of-a-kind strategy at Nakamoto, when you first see it in action, you will understand why we will be one of the best holders of Bitcoin in the world,” Bailey said today. “We are building a Bitcoin -Juggernaut.”
To further strengthen its leadership, Nakamoto last week announced the appointment of Amanda Fabiano to 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 happy to add Amanda to the Nakamoto team,” Bailey said. “Her track record for building institutional infrastructure and driving execution across complex organizations will provide immediate value.”
Fabiano added, “I am excited to join Nakamoto at such an important time in its growth. Nakamoto transforms bold ideas into effect in the real world and pushes the limit of institutional Bitcoin recording.”
With the merging closure that is probable, the participants in the Bitcoin market participants are close by, as Nakamoto is preparing to deploy over $ 760 million to BTC – which potentially adds a large purchase pressure in the coming days.
Disclosure: Nakamoto is 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 about this can be found here.