PANews reported on May 28 that according to CoinDesk, healthcare service provider KindlyMD announced that it had purchased 21 bitcoins (worth approximately $2.3 million) at an average price of $109,027, completing the first phase of its bitcoin reserve strategy. The company's stock price rose 3.9% that day.

The funds for this purchase come from the company's unexercised warrants. KindlyMD previously announced on May 12 that it would merge with Nakamoto Holdings, intending to follow the MicroStrategy model to establish a Bitcoin reserve, and has received $710 million in financing support. The merged entity will work with the custodian Anchorage Digital, and the transaction is expected to be completed in the third quarter of 2025. David Bailey, founder of Nakamoto Holdings, said that 21 bitcoins symbolize that the holdings reach one millionth of the total circulation, and the ultimate goal is to accumulate 1 million bitcoins.