David Bailey’s Nakamoto ends healthcare business, goes all-in on Bitcoin

Nakamoto, the Bitcoin treasury and investment company led by David Bailey, co-founder of BTC Inc., on Monday announced that its legacy healthcare clinics stopped operating on June 19, 2026, with final administrative steps expected in the third quarter.

The Nasdaq-listed firm now operates purely as a Bitcoin company across media, asset management, and consulting verticals.

From healthcare to Bitcoin treasury

The company now known as Nakamoto Inc. began as KindlyMD, a healthcare provider focused on pain management and related services. In 2025, it merged with Nakamoto Holdings and pivoted into a Bitcoin treasury and operating company, with the public rebrand to Nakamoto following in early 2026.

In 2026, Nakamoto expanded beyond treasury management by acquiring BTC Inc. and UTXO Management in all-stock transactions, bringing Bitcoin media, events, and asset management into its operating platform. BTC Inc. owns Bitcoin Magazine and the Bitcoin Conference, while UTXO Management provides the asset management component.

Nakamoto’s Bitcoin treasury has been reported at roughly 5,058 BTC at the end of March 2026 and about 4,467 BTC after later asset sales used to reduce debt and financing costs.

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