Nakamoto, a Nasdaq-listed U.S. company, has ended its medical clinic operations, effectively completing its shift into a bitcoin-focused business. After winding down healthcare, it plans to concentrate on bitcoin holdings and its media, asset management and advisory businesses.

CoinPost, a blockchain media outlet, reported on Tuesday that Nakamoto said its clinic closed on June 19 and that remaining administrative procedures will be completed in the third quarter of 2026.

The move means Nakamoto has effectively fully exited its healthcare business. In recent years, the company has reshaped its business structure around media and information services focused on bitcoin, asset management and financial services, and consulting and advisory services as core pillars.

Chairman and CEO David Bailey (데이비드 베일리) stressed that once the healthcare business wind-down is complete, the company will devote itself to executing its bitcoin-centered strategy. "We are building a differentiated platform that combines a global bitcoin media and events business, a growing asset management business and an advisory business," he said. "Going forward, we will focus on business expansion and long-term shareholder value creation," he said.

Nakamoto in its current form was launched after its 2025 merger with healthcare company KindlyMD. At the time, the company raised about $540 million in private funding and used it to buy bitcoin. After the merger, KindlyMD's medical clinic business was maintained through its subsidiary, Kindly LLC, but the decision to end operations has effectively put the business into wind-down.

Its business portfolio has also been reorganised around bitcoin. Nakamoto has under its umbrella BTC Inc., which operates bitcoin-focused media outlet Bitcoin Magazine and the global event Bitcoin Conference, as well as bitcoin-focused asset manager UTXO Management.

Its financial position still carries a burden. Nakamoto posted a net loss of $238.8 million in the first quarter. The company said markdowns on its bitcoin holdings and investment portfolio, along with costs from the acquisition and integration process, affected results.

Even so, it has steadily increased its bitcoin holdings. As of June 23, Nakamoto held 4,467 BTC, valued at about $278.5 million, according to The Block Data.

The gap remains wide in the corporate bitcoin-holdings race. Strategy, led by Michael Saylor, is the biggest corporate holder with 847,363 BTC, and Twenty One Capital also holds 43,514 BTC.

The industry is assessing that while Nakamoto holds less bitcoin than competitors, its direction has become clearer because it has fully shut its healthcare business and shifted to a single bitcoin strategy.

The company plans to complete remaining healthcare-related procedures within the third quarter and then focus on expanding bitcoin holdings and growing its media, asset management and advisory businesses. That makes Nakamoto's bitcoin financial strategy and the pace of business expansion key points to watch.