Kindly MD (NASDAQ:NAKA) reported its Q2 2025 financial results while preparing for a transformative merger with Nakamoto Holdings. The company received $9.2 million from warrant exercises and made its first Bitcoin purchase of 21 BTC valued at $2.25 million.
The merger, expected to close around August 11, 2025, has secured approximately $761.5 million in financing through PIPE investments ($561.5M) and convertible notes ($200M). However, Q2 revenues decreased by 36.1% to $408,527, while net loss widened to $2.41 million. Insurance reimbursements showed strong growth of 153.1% to $231,726.
The company ended Q2 with $6.02 million in cash, representing a 165% increase from December 2024.
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