Nakamoto Inc., the bitcoin (BTC) treasury firm led by entrepreneur David Bailey, announced Monday that its healthcare clinics ceased operations on June 19, winding down its legacy medical business that originated from its merger with KindlyMD in 2025.
The healthcare exit reflects Nakamoto’s transition toward a bitcoin operating model centered on media and information services, asset management, and consulting and advisory businesses designed to generate recurring revenue, the company said in a statement.
"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," Nakamoto CEO David Bailey said.
Additional administrative activities associated with the wind-down of the legacy healthcare business are expected to be completed in the third quarter of 2026, per the statement.
Nakamoto was among a cohort of bitcoin-focused digital asset treasury companies that emerged in 2025, alongside peers such as Twenty One Capital, backed by Tether and Strike founder Jack Mallers.
