Bold Bitcoin Move: Nakamoto to Invest $762.5M in BTC, Entering the Top 15 Corporate Holders

Bold Bitcoin Move: Nakamoto to Invest $762.5M in BTC, Entering the Top 15 Corporate Holders

David Bailey, CEO of Nakamoto, is set to fulfill a long-held dream — to make a massive single purchase of Bitcoin worth $762.5 million, propelling his company into the global spotlight.

“Ever since I started using Bitcoin, I dreamed of buying $1 billion worth in one go. Tomorrow [August 12], that dream will almost come true. Time to dream bigger,” Bailey wrote on social media.

He later clarified that the actual investment will be $762.5 million, admitting he intentionally rounded up the figure to grab attention.

The funds come from a recent merger with KindlyMD, a medical tech firm that previously raised over $700 million through securities sales. Now, Nakamoto plans to use those funds to acquire Bitcoin — and the entire transaction will be filmed, turning it into a symbolic moment for the company.

However, the move has not been universally welcomed. Only 50.76% of voting shareholders approved the merger, and just 50.14% supported financing the Bitcoin investment — indicating significant skepticism among KindlyMD investors regarding the pivot toward crypto.

Once the purchase is finalized, Nakamoto will become the 14th-largest public holder of Bitcoin, surpassing Chinese tech firm Next Technology Holding, which holds BTC valued at $693 million.

This bold move positions Nakamoto as a major player in corporate crypto investing — and could mark a turning point in how traditional businesses embrace digital assets.