Nakamoto Inc. has officially exited the healthcare business, shutting down the clinics it inherited from its merger with KindlyMD and completing its transformation into a Bitcoin-focused company.
The company confirmed that patient-facing operations ended on June 19, with remaining administrative tasks related to the closure expected to be completed during the third quarter of 2026.
Chairman and CEO David Bailey said the company is now fully focused on its strategy as a Bitcoin operating business.
Healthcare business fully phased out
The clinic closures mark the final step in Nakamoto’s departure from healthcare. Following its merger with KindlyMD, the company gradually shifted its focus toward Bitcoin-related operations while healthcare services continued through a subsidiary until their recent shutdown.
With the clinics now closed, Nakamoto’s business is centered on three main areas:
- Bitcoin media and information services
- Asset management and financial services
- Consulting and advisory services
The company is also the parent of BTC Inc., which owns the Bitcoin Magazine brand and organizes the Bitcoin Conference.
In addition, Nakamoto owns UTXO Management, an investment firm focused on Bitcoin-related opportunities in both public and private markets.
Bitcoin treasury remains a core strategy
The company’s transition has been closely tied to its Bitcoin accumulation strategy. Earlier this year, Nakamoto raised approximately $540 million through private financing, with a significant portion earmarked for Bitcoin purchases.
The firm subsequently acquired thousands of Bitcoin, positioning itself among the larger publicly traded corporate Bitcoin holders.
According to recent treasury data, Nakamoto currently holds approximately 4,467 BTC, valued at around $287 million based on recent market prices.
Challenges remain
Despite completing its strategic shift, Nakamoto still faces challenges. The company’s stock, trading under the ticker NAKA, has experienced pressure as investors evaluate the risks associated with a Bitcoin-centric business model.
The company also reported a net loss of nearly $239 million during the first quarter of 2026. Management attributed much of that loss to accounting adjustments related to Bitcoin holdings, investment portfolio fluctuations, and costs associated with acquisitions and integration efforts.
Going forward, investors will be watching whether Nakamoto can generate sustainable revenue from its media, asset management, and advisory businesses while managing the volatility that comes with holding large amounts of Bitcoin on its balance sheet.
The closure of the clinics removes the final connection to the company’s healthcare roots and leaves Nakamoto fully focused on building a business around the Bitcoin ecosystem.
