KindlyMD, Inc. has officially changed its corporate name to Nakamoto Inc. following its 2025 merger with Nakamoto Holdings. The rebranding is a strategic move to align the company's public identity with its core focus: building and managing a significant Bitcoin treasury.
Chairman and CEO David Bailey stated the name change is designed to "eliminate ambiguity around our objectives and reinforce Nakamoto's role as a Bitcoin company built for the future." The company's common stock and warrants will continue trading on the NASDAQ under the ticker symbols NAKA and NAKAW, respectively.
The company's operational structure will split its legacy healthcare business from its Bitcoin operations. The healthcare services will continue under Kindly LLC, a wholly-owned subsidiary. The Bitcoin acquisition and management strategy will be handled by Nakamoto Holdings Inc.
According to data from BitcoinTreasuries.net, Nakamoto Inc. currently holds approximately 5,398 Bitcoin, valued at around $480 million. This positions the company as roughly the 20th largest public corporate Bitcoin holder globally. The bulk of these holdings were acquired in August 2025, when the company purchased 5,764 BTC at an average price of $118,204 per coin for a total of approximately $679 million. The company has since used 367 BTC for strategic investments in Bitcoin-focused firms like Japan's Metaplanet Inc. and the Netherlands' Treasury BV.
Despite its sizable holdings, Nakamoto's treasury is dwarfed by industry leader MicroStrategy (now Strategy), which holds 709,715 BTC worth over $63 billion. Nakamoto's stack represents less than 1% of Strategy's holdings. Other major corporate accumulators include MARA Holdings (over 53,000 BTC) and Twenty One Capital.
The rebrand comes amid significant challenges for the company. Nakamoto Inc. received a NASDAQ delisting notice in December 2025 after its shares traded below the $1 minimum bid price for 30 consecutive business days. The company has until June 8, 2026, to regain compliance by maintaining a share price above $1 for at least 10 consecutive trading days.
The stock has suffered a dramatic decline, falling approximately 95% from its peak of around $34.77 in May 2025. Following the rebranding announcement, NAKA shares dropped over 7%, trading around $0.39. The company's market capitalization stands at roughly $185 million. Nakamoto had previously raised about $740 million from institutional investors specifically to fund its Bitcoin acquisition strategy.
