KindlyMD Rebrands to Nakamoto Inc. to Reflect Bitcoin Treasury Focus

Company Rebranding and Strategy - KindlyMD, Inc. has rebranded to Nakamoto Inc. following its merger with Nakamoto Holdings in 2025, aligning its identity with a long-term Bitcoin treasury strategy [1] - The rebranding aims to eliminate ambiguity regarding the company's objectives and reinforce its focus on Bitcoin [1] Stock and Subsidiary Operations - Nakamoto Inc.'s common stock and warrants will continue trading under the ticker symbols NAKA and NAKAW [2] - The healthcare business will operate through Kindly LLC, a fully owned subsidiary, while Nakamoto Holdings Inc. will manage Bitcoin operations [2] Bitcoin Holdings - Nakamoto Inc. holds approximately 5,398 Bitcoin valued at around $480 million, ranking about 20th among public corporate Bitcoin holders globally [3] - The company acquired 5,764 BTC in August 2025 at an average price of $118,204 per coin, totaling approximately $679 million [3] - Nakamoto used 367 BTC for strategic investments in Bitcoin-focused companies, including Metaplanet Inc. and Treasury BV [4] Market Position and Comparison - Strategy, formerly MicroStrategy, holds the largest corporate Bitcoin treasury globally with 709,715 BTC valued at over $63 billion, while Nakamoto's holdings represent less than 1% of Strategy's treasury [4] Regulatory Challenges - The company received a NASDAQ delisting notice in December 2025 after shares traded below the $1 minimum bid price for 30 consecutive business days [5] - Nakamoto Inc. has until June 8, 2026, to regain compliance by maintaining a share price above $1 for at least 10 consecutive trading days [5] Stock Performance - The stock has declined approximately 95% from its peak of around $34.77 in May 2025, trading at approximately $0.42 on January 20, giving a market capitalization of roughly $185 million [6] - The company raised approximately $740 million from institutional investors to fund its Bitcoin acquisitions [6]