Chaos has hit the Bitcoin corporate sector as Nakamoto Holdings (NAKA) — once one of the most promising Bitcoin-focused firms — has seen its stock plummet more than 98% since May. The collapse stems from a failed $563 million PIPE (Private Investment in Public Equity) deal, which triggered a

Recently, the crypto market has continued to fall, raising doubts among investors about DAT company. Multiple leader stocks and altcoins such as MSTR, NAKA, and BMNR have all dropped more than 50% to 99% since their bull run highs. Investors are generally concerned about the market outlook.

IREN and Kindly MD shares fell after both companies announced hundreds of millions in convertible bond deals amid declining cryptocurrency investment. IREN's stock dropped 4.9% following its $875 million bond issuance, while Kindly MD's shares fell 2.83% after a $250 million agreement with Antalpha.

Once a glorious Bitcoin asset management company, it is now facing unprecedented pressure tests. From NAKA's stock price plummeting 35% in just 10 days, to Strategy being removed from the S&P 500 index, and to mNAV's premium nearly disappearing, this industry, dubbed the "Bitcoin bank," is transitioning from its golden age into a harsh phase of cleanup and restructuring.

Healthcare company KindlyMD (NASDAQ: NAKA) stock price significantly fell on August 26, as the company announced it would raise funds through a market stock issuance plan of up to $5 billion to expand its Bitcoin (BTC) holdings. Although this move is the next step in its encryption asset strategy, the market's reaction to the massive issuance was clearly negative, leading to a single-day drop of over 12% in stock price.

In Salt Lake City, Utah, KindlyMD was originally a network of clinics focused on treating opioid dependence. Founder and CEO Tim Pickett has repeatedly emphasized, "We don't just treat illness; we help patients rebuild their lives." In the American healthcare system, KindlyMD has gained attention for its "integrated healthcare" model. However, in August 2025, a piece of news brought the company into the spotlight of the global crypto finance: KindlyMD completed a merger with Nakamoto Holdings, officially transforming into a Bitcoin treasury company. After the merger, the stock code changed to NAKA, and it immediately announced the purchase of 5,744 bitcoins, spending approximately $679 million. Overnight, this small but well-known medical company became a new giant in the Bitcoin capital market. David

On August 19, NASDAQ-listed company KindlyMD (NASDAQ: NAKA) announced that it has acquired 5,743.91 Bitcoins through its wholly-owned subsidiary Nakamoto Holdings, bringing its total open interest to 5,764.91 coins. This is the company's first Bitcoin purchase following the completion of its merger with Nakamoto Holdings, with a total transaction amount of up to $679 million, at an average price of $118,204.88 per coin. ## First Major Acquisition: $679 Million Purchase of Bitcoin Acquisition quantity: 5,743.91 pieces of BTC Total Holdings: 5,764.91 BTC Average Price: 118,204.88 USD/coin Total Amount: Approximately 679 million USD Source of funds: PIP

The listed company Bitcoin Holdings camp welcomes new actions. Medical data service transformation company KindlyMD announced on Monday that it has successfully completed a $200 million convertible note issuance, with the raised funds primarily aimed at purchasing more Bitcoin (BTC). This move is a key financing step after its merger with the holding company Nakamoto Holdings, co-founded with Bitcoin Magazine CEO David Bailey, which previously raised $540 million through private equity investment (PIPE). KindlyMD intends to replicate the successful path of the "first Bitcoin Holdings stock" Strategy. Although its stock (NASDAQ: NAKA) fell 12% on the financing day, the long-term strategy aims to allow investors to gain indirect exposure to Bitcoin through shareholding. Currently, there are 168 listed companies globally that have incorporated Bitcoin into their balance sheets. ## The financing purpose is clearly directed towards Bitcoin KindlyMD

KindlyMD merged with Nakamoto to build a Bitcoin treasury and now trades under the ticker NAKA on Nasdaq. The company plans to buy one million Bitcoin using funds raised through equity and convertible note offerings. KindlyMD shares rose over 13% after the merger and aims to join the top Bitcoin h

Kindlymd and Nakamoto Holdings have secured an additional $51.5 million in PIPE financing to expand their bitcoin treasury strategy, bringing total raised funds to $763 million. Bitcoin Treasury Plans Boosted as Kindlymd and Nakamoto Lock in Fresh Funding Kindlymd, Inc. (NASDAQ: NAKA) and Nakamot

On June 23, ECD Automotive Design, an automotive modification company in Florida, USA, announced that it will establish a Bitcoin treasury using $500 million in equity financing, which led to a big pump in the stock price. (Background: Nakamoto's partner medical company KindlyMD increased the position in Bitcoin by $51.5 million, and NAKA has risen nearly tenfold this year.) (Additional context: Texas Governor officially signed the Bitcoin Reserve Bill SB 21, marking the third state-level BTC reserve in the United States.) On June 23, ECD Automotive Design, an automotive modification company in Florida, USA, announced that it will establish a Bitcoin treasury using $500 million in equity financing, and the company's stock price surged after the US stock market opened following this news. The $500 million financing is aimed at the "Bitcoin Treasury." According to the press release, E...

KindlyMD and Nakamoto raised another $51.5 million, focusing on Bitcoin treasury, planning to purchase a large amount of BTC. Since changing its name to NAKA in May, the company's stock price has increased nearly 10 times, showing strong market follow for its Bitcoin strategy.

KindlyMD Inc. has purchased 21 Bitcoins at an average price of $109,027 as part of their asset accumulation strategy. The company also announced a merger with Nakamoto Holdings, aiming to accumulate Bitcoin similar to MicroStrategy's model. This strategic move has seen NAKA stocks rise by 3.9%. Additionally, KindlyMD plans to collaborate with Anchorage Digital for custody and exclusive trading services post-merger, expected to be completed in Q3 2025.

KindlyMD (NAKA) has implemented a bitcoin treasury strategy by acquiring 21 bitcoins for $2.3 million. They plan to scale up to 1,000,000 bitcoins. The company will merge with Nakamoto Holdings, following a strategy similar to MSTR's.

Nakamoto Games has shown a strong price reversal from its $0.42 support zone Rising demand and key updates are driving optimism in the GameFi market Nakamoto Games is building momentum with solid fundamentals and growth potential Nakamoto Games (NAKA) has emerged as a significant talking

Nakamoto Games ($NAKA) rebounds at $0.6200 and shows potential for recovery amid market interest. Resistance levels at $1.9790, $1.4468, and $1.1500 may hinder bullish momentum, while $0.7282 flips from support to resistance. Analyst Crypto Caesar predicts a price target of $1.1133 with a strong volume spike indicating buying pressure.

Story Highlights Crypto Banter lists the top 10 altcoins poised for 50x Gains in the upcoming bull run. Top Altcoins include WIF, GOAT, Bonk, Brett, Pepe, Popcat, Aptos, etc. The analyst highlights Gaming tokens also such as NAKA, SFUND, APE,

Original | Odaily Planet Daily Author | Asher Editor | Qin Xiaofeng  With the recovery of market conditions, the GameFi sector is currently gaining popularity. Odaily Planet Daily has summarized and sorted out the chain travel projects that have recently become popular or have popular activities. Secondary market performance of chain gaming sector According to Coingecko data, the Gaming (GameFi) sector has increased by 20.4 in the past week.

On November 29th, Nakamoto NAKA Games (NAKA), a P2E (Play-to-Earn) gaming platform, was officially launched on HotsCoin. Nakamoto Games provides global gamers with the opportunity to participate in blockchain-based games and create sustainable and significant revenue opportunities. Currently NAKA is open for trading on HotsCoin. Basic Information Circulating Supply: 72,360,517 NAKA Total Supply: 180,000,000 NAKA Market Cap: $142,469,981.099 Fully Diluted Market Cap: $354,400,405.93 A one-of-a-kind gaming platform Nakamoto Games offers a...