Nakamoto Announces Full Transition of Bitcoin to a Corporate Operation

BlockBeats News, June 23rd, Nakamoto Inc., led by entrepreneur David Bailey, announced that its medical clinic ceased operations on June 19th, completing the winding down of the legacy medical business inherited from the 2025 merger with KindlyMD. This exit marks Nakamoto's transition to a Bitcoin-centric operating model nearing completion. The company will now focus on three core business segments: media and information services, asset management, and consulting services, to build a recurring revenue system. CEO Bailey stated that the company has established a differentiated platform covering a leading global Bitcoin media and events platform, a growing asset management business, and consulting practices, now fully focused on scalability and long-term shareholder value.

Nakamoto emerged as one of the Bitcoin treasury companies in 2025, rising alongside Tether and Strike founder Jack Mallers-backed Twenty One Capital. Nakamoto received approximately $540 million in PIPE financing through the merger with KindlyMD to purchase Bitcoin, holding 4,467 BTC as of June 23rd, valued at around $278.5 million.