A bronze statue of Satoshi Nakamoto (Attila Kisbenedek/Getty Images)

Bitcoin treasury company Nakamoto finally completes merger with KindlyMD

Bitcoin has had a busy week, breaking a new all-time high.

8/15/25 9:08AM

It’s been quite the week for bitcoin, which smashed another record and then crossed $124,000 on Thursday. The asset retreated not long after, however, and is trading around $118,000 Friday morning.

It’s also been a great week for Trump adviser David Bailey, whose bitcoin investment company, Nakamoto Holdings, a new bitcoin-native venture, finally merged with healthcare company KindlyMD late Thursday after a multiday delay. Shares were up over 2% in early trading Friday.

The new entity will keep the KindlyMD name, while Nakamoto becomes a wholly owned subsidiary of KindlyMD that “will operate the bitcoin financial services line of business under the Nakamoto brand.”

In a press release, Bailey said, “Our vision is for the world’s capital markets to operate on a bitcoin standard. Today’s merger represents the beginning of that journey for our company. The merger sets the stage for the next chapter of growth, and we look forward to driving value for our shareholders and advancing Bitcoin adoption globally.”

KindlyMD holds 21 bitcoin, but the merged entity said it would use the $540 million of gross proceeds from the private placement in public equity to acquire more bitcoin. Wasting no time, Nakamoto launched a merch line with some “epic gear,” mimicking Strategy’s move.

In other bitcoin news:

Speaking of Strategy, it has officially and legally changed its name from MicroStrategy. The largest corporate bitcoin holder, with 628,946 bitcoin, rebranded in February.
French semiconductor company Sequans Communications announced “a bold plan to acquire 100K BTC” by 2030. The company launched its bitcoin treasury strategy on July 8 and currently holds 3,171 bitcoin.
Treasury Secretary Scott Bessent seemed to walk back comments he made about the bitcoin national strategic reserve after saying on Fox News that the US wouldn’t buy bitcoin for the reserve, which would be funded with “confiscated assets.” The comments sparked a lot of discontent, and Bessent later said on X, “Treasury is committed to exploring budget-neutral pathways to acquire more bitcoin to expand the reserve, and to execute on the President’s promise to make the United States the ‘bitcoin superpower of the world.’”

Sage D. Young

Solana has tanked since spot solana ETFs launched, despite the funds only recording positive flows to date

Solana’s ETF inflows are a supportive signal, but they aren’t the marginal price setter for the token, one expert explained.

Yaël Bizouati-Kennedy

Bitcoin falls to lowest level since November as long-term holders accelerate selling

A majority of bitcoin investors are officially underwater and the asset’s continued fall “could intensify selling pressure as investors attempt to limit losses.”

Sage D. Young1/28/26

Ripple launches treasury platform to manage cash and cryptocurrencies

Ripple, the firm closely tied to the fifth-largest cryptocurrency, XRP, introduced a new treasury platform for digital asset and traditional cash management for users like financial officers, treasurers, and accountants.

Ripple’s move comes more than three months after it acquired treasury software provider GTreasury for $1 billion, one of several steps to grow the firm’s position in corporate finance.

Combining Ripple’s blockchain rails and GTreasury’s software, the new platform’s goal is to simplify treasury operations. It eliminates settlement delays with payment times of three to five seconds and optimizes yield from working capital 24/7 through tokenized money market funds such as BlackRock’s BUIDL and overnight secure repo markets with RLUSD, according to a Tuesday blog post.

Ripple Treasury also aims to provide “real-time cash positions, automated forecasting, and seamless reporting across traditional cash, digital assets, RLUSD, and XRP holdings,” the blog post stated.

Last year, Ripple filed its national banking license application with the US Office of the Comptroller of the Currency, while the firm’s subsidiary Standard Custody & Trust Company applied for a Federal Reserve master account, which would allow Ripple to hold RLUSD reserves directly with the Fed.

XRP has seen $2.4 billion in trading volume in the last 24 hours, increasing 1.8% in the period. The token’s all-time high was set in July 2025 at $3.65. Meanwhile, spot XRP ETFs had nearly $9.2 million worth of inflows on Tuesday, bringing cumulative inflows to $1.4 billion.

Yaël Bizouati-Kennedy

1/28/26

Bitcoin is underperforming precious metals now, but experts warn of “short-sighted” view

The debate on investing in digital gold vs. actual gold continues, but it’s helpful to put each one’s performance in context.