15 Aug 2025, 03:47

Bessent Clarifies US Bitcoin Plans, Says Treasury Buys Will Be Budget Neutral

Treasury Secretary Scott Bessent has walked back earlier remarks that the US would not acquire BTC for its Strategic Bitcoin Reserve, a shift that has left the policy direction murky. Speaking on Fox News on Thursday, Bessent told anchor Maria Bartiromo that while Washington intends to develop a reserve “to get into the 21st century,” it will not be buying coins outright. Instead, the government plans to use confiscated Bitcoin and stop liquidating those holdings. “We’re not going to be buying that, but we are going to use confiscated assets and continue to build that up,” he said. “We’re going to stop selling that.” He estimated the value of the current reserve at between $15b-$20b US dollars. Bessent Moves To Reassure On Strategic Bitcoin Reserve Approach Later in the day, Bessent appeared to soften his stance. In an X post , he said Bitcoin forfeited to the federal government will serve as the foundation of the reserve established under President Donald Trump’s March executive order. Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order. In addition, Treasury is committed to exploring budget-neutral pathways to acquire more… — Treasury Secretary Scott Bessent (@SecScottBessent) August 14, 2025 He added that the Treasury is “committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve, and to execute on the President’s promise to make the United States the ‘Bitcoin superpower of the world.’” The remarks contrasted with his earlier categorical dismissal of Bitcoin purchases, sparking confusion among market observers and political critics. The Trump administration has shifted positions on crypto policy before. On the campaign trail, Trump spoke of a dedicated Bitcoin stockpile. The initiative later expanded to include other tokens such as Ethereum, Solana, XRP and Cardano. Ultimately, his executive orders created two separate pools, a Strategic Bitcoin Reserve and a broader digital asset stockpile that holds other cryptocurrencies. Bitcoin Hits $124k Before Reversing On Inflation Fears The clarification came on the same day Bitcoin surged to a record high above $124,000 before quickly reversing. The milestone showed how sentiment around policy can move in step with broader financial conditions. Doug Colkitt, a founding contributor at Fogo Chain, said the new peak showed “how much momentum and liquidity were building in risk assets ahead of the PPI print.” But he warned the reversal shows that “even the strongest crypto rallies remain tethered to macro forces, especially when inflation surprises force investors to rethink rate-cut timelines.” For Bessent, the balancing act is clear. He must show the administration is serious about building a Bitcoin reserve without rattling financial markets or opening the government to accusations of reckless spending. His repeated clarifications reflect the political sensitivity of the issue. They also show how deeply the Trump administration has tied its crypto stance to a broader economic message of sovereignty and modernization. The post Bessent Clarifies US Bitcoin Plans, Says Treasury Buys Will Be Budget Neutral appeared first on Cryptonews .

15 Aug 2025, 00:15

Bitcoin Holdings Surge: Nakamoto and KindlyMD Forge a Powerful Merger

BitcoinWorld Bitcoin Holdings Surge: Nakamoto and KindlyMD Forge a Powerful Merger A significant development is reshaping the landscape of institutional cryptocurrency adoption. In a strategic move that has caught the attention of the entire crypto community, Nakamoto, a prominent Bitcoin (BTC) holding company, has officially merged with KindlyMD, a leading healthcare data firm. This exciting collaboration aims to bolster their collective Bitcoin holdings , marking a unique cross-industry convergence. What Does the Nakamoto KindlyMD Merger Mean for Bitcoin Holdings? This isn’t just another corporate announcement; it’s a powerful statement about the increasing mainstream acceptance of digital assets. Nakamoto, co-founded by BTC Inc.’s David Bailey, has been a dedicated player in the Bitcoin space, focused purely on accumulating and securing BTC reserves. KindlyMD, on the other hand, operates within the healthcare data sector, making their pivot towards significant Bitcoin accumulation particularly noteworthy. The newly combined entity will operate under the KindlyMD name, as reported by The Block. This means a healthcare data firm now officially has a direct mandate to build substantial Bitcoin holdings , leveraging the expertise of Nakamoto’s team. This innovative approach could set a precedent for other companies looking to diversify their treasury reserves with digital assets. Why This Strategic Crypto Investment Matters The strategic intent behind the Nakamoto KindlyMD merger is clear: to aggressively accumulate Bitcoin. This move highlights a growing trend where non-traditional finance companies are recognizing Bitcoin’s potential as a long-term store of value and an inflation hedge. For the crypto market, this signifies a deeper integration of digital assets into diverse corporate strategies. Think about the implications: a healthcare data firm, typically focused on patient information and analytics, is now actively pursuing a robust crypto investment strategy. This isn’t just about a company buying some Bitcoin; it’s about a fundamental shift in how corporations view and utilize their capital. It showcases confidence in Bitcoin’s future and its role beyond speculative trading. The Financial Power Behind Institutional Bitcoin Accumulation To fuel their ambitious goal of increasing Bitcoin holdings , KindlyMD has already made significant financial strides. The company successfully raised an impressive $540 million through a private placement of public equity. This substantial capital infusion provides a strong foundation for their acquisition strategy. Furthermore, KindlyMD plans to complete a $200 million convertible note offering in the near future. This additional funding will further empower their efforts in Bitcoin accumulation , demonstrating a clear, well-funded roadmap for their digital asset strategy. Such large-scale financial maneuvers underline the seriousness of this venture and its potential impact on the overall market. Exploring the Future of Institutional Bitcoin Adoption The Nakamoto KindlyMD merger represents more than just a single company’s strategy; it reflects a broader trend towards institutional Bitcoin adoption. As more companies witness successful integration of Bitcoin into corporate treasuries, we may see a ripple effect across various industries. Key aspects of this evolving landscape include: Diversification: Companies are seeking alternative assets to traditional cash reserves, especially in volatile economic climates. Inflation Hedge: Bitcoin’s finite supply makes it an attractive hedge against inflation, appealing to long-term treasury management. Innovation: Forward-thinking companies are embracing digital assets as part of their innovative growth strategies. Market Maturation: The increasing involvement of established firms lends credibility and stability to the cryptocurrency market. This merger serves as a powerful example of how diversified sectors are beginning to embrace Bitcoin, moving beyond initial skepticism to strategic integration. It’s a testament to Bitcoin’s growing role in the global financial ecosystem. A Compelling Future for Bitcoin Holdings The combination of Nakamoto’s expertise in Bitcoin management and KindlyMD’s substantial financial backing and innovative approach creates a formidable entity poised for significant Bitcoin accumulation . This strategic alliance is a clear indicator of Bitcoin’s growing appeal as a treasury asset for companies across different sectors. As the newly formed KindlyMD moves forward with its plans, the crypto world will be watching closely. This pioneering merger could indeed pave the way for a new wave of institutional Bitcoin adoption, cementing its place as a crucial component of modern corporate finance. The future of crypto investment looks increasingly intertwined with such innovative corporate strategies. Frequently Asked Questions (FAQs) Q1: What is the main purpose of the Nakamoto and KindlyMD merger? A1: The primary purpose of the merger is to significantly increase the combined entity’s Bitcoin holdings , leveraging Nakamoto’s expertise in Bitcoin management and KindlyMD’s financial resources. Q2: Who is David Bailey and what is Nakamoto’s role? A2: David Bailey is a co-founder of BTC Inc. Nakamoto, the company he leads, is a Bitcoin holding company focused on accumulating and securing BTC reserves, now integrated into KindlyMD. Q3: How is KindlyMD funding its Bitcoin accumulation? A3: KindlyMD has raised $540 million through a private placement of public equity and plans to complete a $200 million convertible note offering soon to fund its Bitcoin accumulation efforts. Q4: Why would a healthcare data firm be interested in Bitcoin? A4: A healthcare data firm like KindlyMD might be interested in Bitcoin for treasury diversification, as an inflation hedge, or as part of an innovative corporate strategy recognizing Bitcoin’s long-term value potential as a crypto investment . Q5: What does this merger signify for institutional Bitcoin adoption? A5: This merger signifies a growing trend of institutional Bitcoin adoption across diverse industries. It demonstrates that established companies are increasingly recognizing Bitcoin as a viable and strategic asset for corporate treasuries. If you found this insight into the Nakamoto and KindlyMD merger fascinating, consider sharing it with your network! Help us spread the word about this significant development in the world of Bitcoin holdings and institutional crypto adoption on your favorite social media platforms. To learn more about the latest Bitcoin market trends, explore our article on key developments shaping Bitcoin institutional adoption . This post Bitcoin Holdings Surge: Nakamoto and KindlyMD Forge a Powerful Merger first appeared on BitcoinWorld and is written by Editorial Team

14 Aug 2025, 22:45

Strategy Makes It Official—Legal Name Switch Hints at Bigger Moves

Strategy Inc. (Nasdaq: MSTR/STRK/STRF/STRD/STRC) announced on Aug. 14 that it has officially changed its legal name from Microstrategy Inc. to Strategy Inc., effective Aug. 11, 2025. This formal transition completes the rebranding initiative first unveiled on Feb. 5, 2025, and solidifies the company’s identity as the world’s first and largest bitcoin treasury enterprise. Despite the

14 Aug 2025, 21:18

Mill City reports Q2 earnings, launches SUI cryptocurrency treasury strategy

14 Aug 2025, 20:17

Bessent Backtracks on Bitcoin: Treasury Committed to 'Budget-Neutral' BTC Buys

After disappointing Bitcoin fans with earlier comments, Treasury Secretary Scott Bessent said the U.S. may buy BTC for its reserve after all.

14 Aug 2025, 20:06

Treasury to use forfeited Bitcoin for Strategic Reserve, buy more in budget-neutral way, Bessent says