Nakamoto Inc. closes legacy healthcare clinics, shifts focus entirely to Bitcoin operations

A company that once helped patients navigate the opioid crisis is now fully in the Bitcoin business. Nakamoto Inc. (NASDAQ: NAKA) closed its legacy healthcare clinics on June 19, 2026, marking the final chapter of a corporate transformation that took roughly a year to complete.

The administrative wind-down is expected to wrap up by Q3 2026. After that, Nakamoto will operate exclusively as a Bitcoin-focused company, with operations spanning media, asset management, and consulting.

From opioid clinics to Bitcoin treasury

The entity now called Nakamoto Inc. started life as KindlyMD, a healthcare provider that specialized in interventional pain management and opioid crisis treatment. The transformation kicked off in 2025 when KindlyMD merged with interests tied to David Bailey, who now serves as Chairman and CEO. By January 2026, the company had rebranded to Nakamoto Inc.

In February 2026, Nakamoto completed an all-stock transaction worth $107 million to acquire BTC Inc. and UTXO Management. BTC Inc. operates in the Bitcoin media and information services space. UTXO Management handles the asset management side.

A Bitcoin-denominated balance sheet

Nakamoto’s treasury contains between 4,467 and 5,398 BTC. In March 2026, Nakamoto sold 284 BTC for approximately $20 million, working out to roughly $70,400 per coin at the time of the sale.

The $107 million in acquisitions completed earlier this year were via all-stock transactions, meaning existing shareholders absorbed the dilution. BTC Inc. and UTXO Management form the core of Nakamoto’s operating businesses alongside consulting services.

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