Key Takeaways
Nakamoto has fully exited healthcare, closing all KindlyMD clinics to focus exclusively on Bitcoin-related businesses.
The company is expanding its Bitcoin media, asset management, and advisory operations after raising $540 million through the KindlyMD merger.
Despite recent stock declines and a large Q1 loss, Nakamoto holds more than 4,400 BTC and aims to generate revenue beyond bitcoin price appreciation.
Nakamoto Finalizes Business Transition
Nakamoto Inc. has officially closed its healthcare clinics and is now fully focused on its Bitcoin business.
The company said all clinic operations ended on June 19. Some remaining administrative work related to the closure is expected to finish during the third quarter of 2026. This marks the end of Nakamoto’s healthcare business and completes its move into Bitcoin-related operations.
“With our healthcare clinics now closed, Nakamoto continues to be focused on executing its strategy as a Bitcoin operating company,” said David Bailey, Chairman and CEO of Nakamoto.
Nakamoto now operates in three main areas: media and information services, asset management and financial services, and consulting and advisory services. Bailey said the company has built a business that combines Bitcoin media, investment services, and consulting under one platform. Bailey said:
“We have built a differentiated platform spanning the world’s leading Bitcoin media and events enterprise, a growing asset management business, and an advisory practice — and we are now entirely focused on scaling those businesses and building durable long-term value for our shareholders.”
The company’s move into Bitcoin became stronger after its merger with healthcare company KindlyMD. Through that process, Nakamoto raised about $540 million to support bitcoin purchases and grow its new business strategy.
Instead of depending only on bitcoin’s price, Nakamoto says it wants to build businesses that create regular income.
Today, the company owns BTC Inc., which runs Bitcoin Magazine, The Bitcoin Conference, and Bitcoin for Corporations. It also owns UTXO Management, an investment company focused on Bitcoin-related opportunities.
Company leaders say these businesses are meant to provide steady revenue and support long-term growth.
Reports said the healthcare business had been facing lower revenue and operating losses. By leaving healthcare behind, Nakamoto expects to reduce costs and focus more on its Bitcoin businesses.
Nakamoto’s strategy reflects a wider trend of companies increasing their involvement in Bitcoin and digital assets. Still, the shift brings challenges.
The company’s stock has faced pressure since announcing the merger and the Bitcoin strategy. Shares recently traded near $4.09 and have fallen sharply from earlier levels.
Nakamoto also reported a net loss of about $238.8 million in the first quarter of 2026. The company says most of that loss was linked to accounting changes tied to bitcoin holdings, investment positions, and costs from acquisitions.
Even so, Nakamoto remains one of the public companies holding a large amount of bitcoin. Recent reports showed the company owns more than 4,400 BTC, valued at over $272 million at current prices.
Management says the goal is not only to hold bitcoin but also to build operating businesses around it. With the clinics now closed, Nakamoto has completed its transition away from healthcare and solely into Bitcoin.
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