Nakamoto Ends Healthcare Operations as Bitcoin Business Transition Nears Completion

Nakamoto Inc., the bitcoin treasury company led by David Bailey, has officially shut down its remaining healthcare clinic operations as the company moves closer to completing its transition into a bitcoin-focused operating business.

The company confirmed that its healthcare clinics stopped operating on June 19, ending the medical services business inherited through its 2025 merger with KindlyMD. Nakamoto said the remaining administrative work connected to the healthcare shutdown is expected to finish during the third quarter of 2026.

The move represents a major shift in the company’s strategy as it increases focus on bitcoin-related services and digital asset operations.

Bitcoin Treasury Strategy Becomes Core Focus

Nakamoto said its future business model will center on bitcoin treasury management, media operations, consulting services and asset management activities designed to create long-term recurring revenue.

Chief executive David Bailey stated that the company has already developed a platform that includes bitcoin-focused media brands, events businesses and advisory services. The company now plans to fully concentrate on expanding those areas while building shareholder value.

Nakamoto emerged during the rapid rise of bitcoin treasury firms in 2025, joining companies that began raising large amounts of capital to acquire bitcoin as a primary treasury asset.

Company Holds More Than 4,400 Bitcoin

According to company data released on June 23, Nakamoto currently holds 4,467 BTC valued at roughly $278.5 million based on current market prices.

The company was originally formed through a merger with healthcare operator KindlyMD and raised approximately $540 million through private investment financing to support bitcoin purchases and business expansion.

Despite the strategic shift, Nakamoto reported a net loss of $238.8 million during the first quarter of 2026. The losses were largely connected to non-cash declines tied to bitcoin holdings, investment portfolio adjustments and merger integration expenses.

Nakamoto Stock Faces Continued Pressure

Nakamoto shares closed at $4.09 on Tuesday, falling nearly 3% during the trading session. The stock has dropped more than 99% from its peak reached shortly after the company announced its bitcoin accumulation strategy and merger plans in 2025.