Nakamoto disclosed that the company had closed its previous medical clinic and closed its previous operations to patients under the KindlyMD system. As this part of the business exits, the current focus of the company has shifted to Bitcoin-related operations and continues to advance the Bitcoin-centred treasury and operations layout.
Clinic closed on 19 June
According to the company, the clinic ceased operations on 19 June and the remaining administrative closure is expected to be completed in the third quarter of 2026. David Bailey, Chairman and Chief Executive Officer, stated that the company would continue to implement its Bitcoin Operating Company strategy following the closure of the medical clinic.
This means that Nakamoto has almost completed the cutting with the medical operation. The company is no longer a provider of health services but a system of income and asset allocation around bitcoin.
Existing operations are concentrated on three lines
According to the company, there are currently three main operations: media and information services, asset management and financial services, and advisory and advisory services. The objective is to generate sustainable income through these plates.
Nakamoto is also the parent company of BTC Inc., which includes Bitcoin Magazine, The Bitcoin Conference and Bitcoin for Corporations. In addition, the company holds the Bitcoin original management agency UTXO Management, which covers open and private market investments related to the Bitcoin ecology.
$540 million in financing for the purchase of bitcoin
The transition took place after the merger between the company and the medical operator KindlyMD was completed. The company had previously raised approximately $540 million through PIPE financing, one of which was for the direct purchase of bitcoin.
- PIPE Financing of approximately $540 million
- Lists the holdout this week as 4,467 BTC
- Estimated at 23 June of approximately $286.7 million
Public information indicates that after the merger was completed, the company made a large purchase of more than 5,700 BTCs. The market is thus considered to be one of the new list of listed companies with a Bitcoin bank at its core.
Equity prices and performance remain under pressure
As at the time of reporting, the value of NAKA shares was approximately $4.09. The stock price has been under pressure since the company announced its merger with KindlyMD and its move to a bitcoin accumulation strategy.
The company also disclosed a net loss of $238.8 million in the first quarter of 2026, mainly related to non-cash changes resulting from the holding of bitcoin and the investment portfolio, as well as transactions and consolidation costs associated with recent acquisitions.
Additional information:BitcoinTreasuries 23 June data show that Nakamoto's Bitcoin holdhouse is still below Strategy and Twenty One Capital, but is in the forefront of a publicly traded company holding base.