Nakamoto Inc. Sells Bitcoin, Closes Clinics, and Pivots to Pure Bitcoin Company
Nakamoto Inc. (Nasdaq: NAKA) sold 600 Bitcoin and derivatives for $48 million to repay part of a Kraken loan, extended debt to 2027, and authorized a $25 million buyback. It also closed its last healthcare clinics on June 19, 2026, completing a pivot to a Bitcoin-focused operating company with media, asset management, and consulting lines. The company holds about 4,467 BTC (worth ~$284 million), but shares have fallen 99% over the past year, and it posted a $238.8 million Q1 2026 net loss.
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Nasdaq-Listed Nakamoto Inc. Abandons Healthcare to Become Pure-Play Bitcoin Company
Nakamoto Inc. (NASDAQ: NAKA), formerly KindlyMD, completed its transformation from a pain-management healthcare chain into a Bitcoin operating company by closing its remaining clinics on June 19, 2026. The Nashville-based firm now operates three crypto-native business lines: media/information services through BTC Inc. (publisher of Bitcoin Magazine and host of The Bitcoin Conference), asset management via UTXO Management, and consulting/advisory services. The company holds approximately 4,467 BTC worth $278.5 million, though it trails larger corporate holders like Strategy and SpaceX. The pivot has devastated shareholders, with stock trading near $4 after a 99% decline over the past year. Nakamoto posted a $238.8 million net loss in Q1 2026, driven by Bitcoin markdowns and acquisition integration costs. The company faces Nasdaq delisting risk after trading below the $1 minimum bid for 30 consecutive days in December 2025, and has proposed a reverse stock split to regain compliance.
Yahoo FinanceNakamoto Shuts Last Healthcare Clinics to Focus Entirely on Bitcoin Operations
Nakamoto Inc. closed its final healthcare clinics on June 19, 2026, completing a strategic pivot to become a dedicated Bitcoin operating company. The firm now operates three Bitcoin-native business lines: media and information services, asset management (UTXO Management), and consulting/advisory for corporate clients. The transition leaves Nakamoto with a cleaner capital structure but a pressured BTC treasury. In March 2026, the company sold 284 BTC with a $166.2 million unrealized loss; in June, it sold roughly 600 BTC and Bitcoin derivatives to repay Kraken debt. Nakamoto now holds about 4,467 BTC. CEO David Bailey emphasizes growing Bitcoin per share as the primary shareholder value metric. The broader environment for Bitcoin-focused public companies has matured, with Nasdaq firms adopting BTC as core assets and quantum security risks entering policy discussions.
Yahoo FinanceNakamoto Shuts Its Last Healthcare Clinics to Go All-In on Bitcoin
Nakamoto Inc. (Nasdaq: NAKA) closed its remaining healthcare clinics on June 19, 2026, completing its transformation into a dedicated Bitcoin operating company. The wind-down administrative activities are expected to finish by Q3 2026, formally ending the company's original healthcare business. Nakamoto now operates three distinct business lines: media and information services, asset management through UTXO Management focusing on Bitcoin markets, and consulting/advisory services for corporate clients. These are designed to generate recurring revenue independent of Bitcoin treasury gains. The transition comes amid treasury pressures; Nakamoto sold 284 BTC in March 2026 (booking a $166.2M loss), and roughly 600 BTC and derivatives in June to repay Kraken debt, leaving approximately 4,467 BTC on its balance sheet. CEO David Bailey emphasizes growing Bitcoin per share as the primary metric for long-term shareholder value. The company now has a cleaner capital structure with no legacy healthcare liabilities.
Yahoo FinanceNasdaq-Listed Bitcoin Firm Nakamoto Sells BTC, Cuts Debt and Authorizes Share Buyback
Nakamoto Inc., a Nasdaq-listed Bitcoin treasury company and publisher of Bitcoin Magazine, announced on June 11, 2026, that it sold approximately 600 Bitcoin and related derivative positions, generating $48 million in net proceeds. The funds were used to reduce outstanding debt by $45 million and extend roughly 105 million USDT of principal to June 2027 under a revised loan agreement with Kraken. The company also authorized a $25 million share buyback program. The moves come amid a 21% decline in Bitcoin over the past month, with the cryptocurrency trading near $63,515, down nearly 50% from its all-time high. Nakamoto's chief investment officer cited the need for a disciplined balance sheet amid market volatility. The company now holds about 4,467 Bitcoin, valued at roughly $284 million. Nakamoto also regained Nasdaq compliance after a 1-for-40 stock split. Shares rose 9.5% to $4.47 on the day.
Yahoo FinanceNakamoto Inc. Sells Bitcoin to Repay Kraken Loan, Stock Surges 20%
Nasdaq-listed Nakamoto Inc. (NAKA) sold approximately 600 Bitcoin and related derivatives for $48 million in net proceeds, using $45 million to repay part of its loan from Kraken. The company extended remaining debt of 165 million USDT to June 2027, lowered financing costs, and authorized a $25 million share buyback. After the transactions, Nakamoto retains roughly 4,467 BTC. The stock jumped nearly 20% on the news. CEO David Bailey stated the moves strengthen the balance sheet and aim to close the gap between the stock price and asset value. The sale follows a broader deleveraging trend among Bitcoin treasury firms, including Fold's clean debt exit and Genius Group's liquidation of all holdings.
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