Bitcoin prices exceeded $122,286 today as large new buyers approach the market. All eyes are at Nakamoto Holdings Inc., a Bitcoin native holding company that completes a long-term merger with healthcare provider KindlyMD (NASDAQ: NAKA). Once the merger is complete, Nakamoto will be cleared to begin purchasing Bitcoin with more than $760 million in capital.

The company confirmed it had filed a definitive information statement with the U.S. Securities and Exchange Commission on July 22, marking its final step before closing. “Submitting a definitive information statement is a significant milestone for this merger and accelerates our mission to win 1 million Bitcoin,” said David Bailey, founder and CEO of Nakamoto. “We are extremely proud of Nakamoto and our team’s collaboration at KindlyMD to bring them one step closer to closing the merger.”

“We are proud to be able to reach this important milestone together with Nakamoto,” added Tim Pickett, founder and CEO of KindlyMD. “Our shareholders now have the opportunity to be part of a groundbreaking change in the way public companies approach financial management.

Once confirmed, the merger will allow Nakamoto to actively pursue a Bitcoin acquisition strategy. The company made its first move earlier this year when KindlyMD purchased 21 btc for $2.3 million. “The iconic number for starting the $naka mission,” Nakamoto posted on X. Pickett.

“We have a unique strategy for Nakamoto. When we see it working, we see why we become one of the top Bitcoin holders in the world,” Bailey said today. “We’re building a Bitcoin Juggernaut.”

To further strengthen its leadership, Nakamoto announced last week that it had appointed Amanda Fabiano as Chief Operating Officer. Fabiano, former mining manager at Galaxy Digital and director of Bitcoin Mining at Fidelity Investments, brings more than a decade of experience to this role. “We are excited to add Amanda to the Nakamoto team,” Bailey said. “A track record of implementation building and driving institutional infrastructure across complex organizations offers immediate value.”

Fabiano said, “I look forward to joining Nakamoto at such a crucial time in its growth. Nakamoto is turning bold ideas into real-world influences and pushing forward the frontier of institutional Bitcoin adoption.”

With the merger deadline likely to be imminent, participants in the Bitcoin market are attracting attention as Nakamoto prepares to roll out more than $760 million to BTC.

Disclosure: Nakamoto is working with BTC Inc, the parent company of Bitcoin Magazine, to build the first global network of Bitcoin Treasury Companies, where BTC Inc offers specific marketing services to Nakamoto. More details about this can be found here.

The iconic “disappearing” statue of pseudonymous Bitcoin (BTC) creator Satoshi Nakamoto, reported stolen on Saturday, has been recovered, according to Satoshigallery, the art collective responsible for installing the statue. 

Municipal workers from the city of Lugano, Switzerland, recovered the statue, which was thrown into Lake Lugano after it was removed from its base in Parco Ciani, a lakefront park in the Swiss city, by unknown persons. 

The municipal workers discovered the statue in several pieces, indicating vandalism, rather than theft for monetary gain. The statue was only welded to the base at two points at the statue’s feet, which remained fixed to the base.

Satoshigallery offered a 0.1 BTC reward, valued at over $11,000, for the recovery of the statue, and Cointelegraph reached out to the art collective for comment but was unable to obtain a response by the time of publication.

The iconic work of art by the Italian artist and Bitcoin advocate Valentina Picozzi was unveiled in October 2024 and has become a flagship symbol of the Bitcoin community. The statue took 21 months to fully plan and construct, according to the artist.

Related: Bitcoin creator Satoshi Nakamoto is the world’s 11th richest person

Bitcoin community reacts to vandalism against iconic symbol

The Bitcoin community voiced reactions of disgust and defiance at the theft and vandalism of the statue, which has since become a symbol of the Bitcoin movement and the digital currency’s mysterious creator.

“Such a tasteless and stupid thing to do. Hope they find who did it,” Gabor Gurbacs, founder and CEO of blockchain loyalty rewards and tokenization platform Pointsville, wrote in a X post.

Others like pseudonymous Bitcoin advocate Gritto theorized that “drunk” partygoers celebrating Swiss National Day, the holiday that commemorates the founding charter of the European country, were responsible for the vandalism.

Tether CEO Paolo Ardoino reacted to the recovery of the iconic statue with a simple heart emoji on social media.

“You can steal our symbol, but you will never be able to steal our souls,” Satoshigallery said, while reiterating the art collective’s commitment to placing similar statues in 21 locations around the globe.

Magazine: Baby boomers worth $79T are finally getting on board with Bitcoin

]]> https://earlybirdsinvest.com/iconic-satoshi-nakamoto-statue-recovered-by-lugano-municipality/feed/ 0 51293 https://earlybirdsinvest.com/where-is-nakamoto-atoshi-statues-honoring-the-creator-of-bitcoin-are-stolen-at-lugano/ https://earlybirdsinvest.com/where-is-nakamoto-atoshi-statues-honoring-the-creator-of-bitcoin-are-stolen-at-lugano/#respond Sun, 03 Aug 2025 10:12:25 +0000 https://earlybirdsinvest.com/where-is-nakamoto-atoshi-statues-honoring-the-creator-of-bitcoin-are-stolen-at-lugano/

As Bitcoin’s price passed $120,000 on July 13, Arkham, a blockchain analytics firm, estimated Nakamoto’s known holdings, about 1.096 million BTC
BTC


$121,747.09

That would place them just above Dell Technologies founder Michael Dell, who has an estimated net worth of $125.1 billion.

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

What is VeChain? VeChain Coin Explainer (ANIMATED)

Despite this, Nakamoto’s name is not included on Forbes’ official billionaire list. The reason is that Forbes only includes assets that are publicly confirmed, like stocks or company shares. Bitcoin stored in private wallets, even in large amounts, is not counted.

According to market data from Nansen, Bitcoin needs to rise much further for Nakamoto to reach the top of the wealth list. Analysts estimate Bitcoin would have to climb to around $370,000, a gain of more than 200%, for Nakamoto to overtake current leaders if their wealth remains unchanged.

On June 2, Eric Balchunas, an analyst at Bloomberg, shared in a post on X that if Bitcoin continues to grow at about 50% per year, Nakamoto could become the second-richest person by 2026.

He also noted that Nakamoto’s decision not to spend any of their Bitcoin is unusual and drew a comparison to Vanguard founder Jack Bogle, who left behind a relatively modest fortune despite his major influence on investing.

Meanwhile, Canadian rapper Drake included a Bitcoin reference in his latest song, “What Did I Miss?”. What do the lyrics say? Read the full story.

Bitcoin holding company Nakamoto Holdings, founded by US President Donald Trump’s crypto adviser, David Bailey, has secured $51.5 million in fresh capital through a private placement in public equity (PIPE) deal, according to a statement from merger partner KindlyMD.

Bailey said that the new funds were raised in less than 72 hours, reflecting growing investor appetite for Nakamoto’s Bitcoin (BTC) accumulation strategy.

“Investor demand for Nakamoto is incredibly strong,” Bailey said. “We continue to execute our strategy to raise as much capital as possible to acquire as much Bitcoin as possible.”

The financing, priced at $5.00 per share, brings KindlyMD’s total funding to approximately $563 million, and $763 million including convertible notes.

Related: Europe’s first Bitcoin treasury firm buys another $20M BTC, now holds over $170M

Nakamoto launches to build a Bitcoin treasury

Nakamoto’s approach mirrors the playbook used by other corporate entities aiming to leverage BTC as a reserve asset. The company was launched earlier this year with the explicit goal of building a sizable Bitcoin treasury, even as broader market sentiment remains mixed.

Proceeds from the latest round will be used primarily for Bitcoin purchases, along with working capital and general corporate needs. The PIPE financing is set to close alongside the anticipated merger with KindlyMD, which trades under the ticker NAKA on the Nasdaq.

Last month, shareholders of healthcare services firm KindlyMD approved a merger with Nakamoto Holdings. Both companies plan to file information statements with the SEC, with the merger expected to finalize in Q3 2025.

The companies first announced the merger on May 12, saying the merged entity would use equity, debt, and other offerings to develop a slew of Bitcoin-native companies. Additionally, the company will bolster its treasury by accumulating Bitcoin.

Related: Norwegian crypto firm K33 raising more funds to buy up to 1,000 BTC

Firms add Bitcoin to balance sheets

At least 27 organizations have added Bitcoin to their treasuries over the past month, according to data from BitcoinTreasuries.NET, signaling continued interest in BTC among public companies.

However, some analysts remain skeptical. Fakhul Miah of GoMining Institutional noted that smaller firms may be adopting Bitcoin out of necessity rather than strategy, potentially lacking the proper safeguards.

Standard Chartered has also raised concerns, warning that if BTC drops below $90,000, half of these companies could face liquidation risks, posing reputational challenges for the broader crypto market.

Magazine: New York’s PubKey Bitcoin bar will orange-pill Washington DC next

]]> https://earlybirdsinvest.com/nakamoto-holdings-secures-51-5m-to-expand-bitcoin-treasury-strategy/feed/ 0 43263 https://earlybirdsinvest.com/120-billion-bitcoin-stash-puts-satoshi-nakamoto-at-no-11-on-rich-list/ https://earlybirdsinvest.com/120-billion-bitcoin-stash-puts-satoshi-nakamoto-at-no-11-on-rich-list/#respond Tue, 27 May 2025 15:32:47 +0000 https://earlybirdsinvest.com/120-billion-bitcoin-stash-puts-satoshi-nakamoto-at-no-11-on-rich-list/

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Arkham Intelligence has disclosed that the creator of Bitcoin – known only as Satoshi Nakamoto – now holds roughly 1.96 million BTC. At today’s prices, that stash is worth about $120 billion. According to Arkham, this makes Nakamoto the 11th richest person on Earth. His share adds up to 5.2% of all Bitcoin ever mined.

Satoshi’s Bitcoin Cache Grows

The mystery around Nakamoto deepens as these wallets haven’t moved since 2011. They remained untouched when Bitcoin was still a fringe experiment. Now, those same addresses tower over many national treasuries. Even a small sale could reshape prices.

Bitcoin Hits New Heights Under Price Rally

Bitcoin recently spiked to almost $112,000 before sliding back toward $110,000. In November 2021, its previous high was near $67,000. Today’s surge more than doubles that peak. This rapid climb has sent shockwaves through both crypto veterans and new buyers.

Satoshi Nakamoto now holds $120 BILLION USD of Bitcoin.

He owns 5.2% of the BTC supply, making him the 11th richest person in the world. pic.twitter.com/cX6D1nYjqG

— Arkham (@arkham) May 26, 2025

Crypto Versus Corporate Giants

Based on market data, Bitcoin’s total value hit about $2.16 trillion. That figure eclipsed Amazon’s roughly $2.13 trillion market cap. Investors now list the crypto among the top five global assets. Still, Bitcoin is a decentralized token, while Amazon is a single company. Some experts warn it’s not a neat comparison.

Big Players And Market Moves

Michael Saylor’s firm, Strategy, bought 4,020 BTC between May 19 and 25, bringing its total to 580,250 BTC. Yet Strategy’s stock dipped over 7% in pre-market trading on May 26. That drop shows Wall Street can shrug off big BTC buys.

Meanwhile, Robert Kiyosaki, author of “Rich Dad Poor Dad”, called Bitcoin “real money” and warned that fiat cash might lose its grip on trust. He pointed to Gresham’s Law and Metcalfe’s Law to make his case.

The mystery surrounding the real identity of Satoshi Nakamoto deepens. Image: Kucoin.

Institutional interest is one factor. Another is the rollout of spot Bitcoin ETFs in several markets. These funds let big investors buy Bitcoin without wrestling with private keys. That move has lifted demand even when retail buyers step back.

Still, some in the crypto community worry about the silent wallets. No one really knows if Satoshi might ever move those coins. If he did, prices could wobble. A sudden sell-off of even a small slice—say 100,000 BTC—would flood the market. Right now, the mere thought keeps traders on edge.

Today’s numbers shine a spotlight on how far Bitcoin has come. From a few cents per coin to more than $110,000, it’s been a wild ride. But the giant stash held by an unknown creator adds a new layer of drama. For now, those coins stay frozen in time. And that mystery, like the price swings, is part of what keeps people talking.

Featured image from Wexo, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Plus: Nigeria wants $80B, Binance says lol no

GM. Woke up, checked the charts, and blended my feelings into a smoothie of denial.

But before we get into today’s squeeze, quick heads-up

Things are gonna be a bit different this week – today’s issue is shorter… and so will tomorrow’s and Friday’s be.

Also, the juicer’s taking a break on Thursday, so there’ll be no squeeze at all.

(I know, heartbreaking… please don’t throw fruit. We still love you.)

Now…

Market flavor today

Crypto Market Cap: $2.54T 0.47% (24H)
Name		Price	24H	7D
	Bitcoin BTC	$78,783.16	0.78%	-6.88%
	Ethereum ETH	$1,535.69	-1.23%	-18.79%
	XRP XRP	$1.91	2.01%	-11.56%
	BNB BNB	$561.08	1.37%	-8.66%

Memecoin harvest

If dopamine was a chart, these memecoins would be maxed out:

Data as of 09:00 AM EST.

Check out these memecoins and plenty more here.

News drops

Here’s some stuff your group chat should be talking about today:

Did the feds meet Satoshi?

A lawyer from the US is suing the Department of Homeland Security (DHS) because he thinks they’re hiding the identity of Satoshi Nakamoto.

Apparently, a DHS agent admitted that her team interviewed four people involved in Bitcoin’s creation – and the lawyer wants proof the meeting happened.

Full story here

Clean-up on scam aisle

Australian regulators are gonna shut down 95 crypto scam companies. A review showed that only 3 of them had any actual assets, while the rest were mostly fronts for pig butchering schemes.

In total, nearly 1,500 people across 14 countries lost over $35M to these scams. Ouch.

Full story here

Binance said “don’t @ me”

Back in February, Nigeria’s tax agency sued Binance, saying the exchange owed $2B in taxes and should pay almost $80B more in damages for allegedly hurting the local economy.

But Binance is fighting back: the exchange’s lawyers said the way they were served legal papers – by email – wasn’t allowed, since the company’s based outside Nigeria.

The court paused the case until April 30 so the tax agency can reply.

Full story here

AI, fake ads, and $20M gone

Six people in Spain got arrested for using AI and deepfake ads to scam over 200 people out of $20M through fake crypto investments.

Oh, and btw, these scammers had the audacity to come back for round two: they pretended to be Europol agents and told victims they could get their money back… after paying a fee.

Fool me once, shame on you. Fool me twice… JAIL, idk?

Full story here

Someone’s cashing out MELANIA

Bubblemaps flagged something sketchy: over $30M in MELANIA memecoins were moved and partly sold.

The team and the token’s creator, Hayden Davis, haven’t said a thing about it.

Full story here

Juicy memes