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A Bitcoin Treasury Company Has a Doctor on Staff, But Why?
Key takeaways
- A Bitcoin Treasury Company Has a Doctor on Staff, But Why?
- Analysts point to the role alongside NAKA s 99% share collapse and roughly $200 million debt load.
- NAKA began as KindlyMD, a Utah-based pain management provider.
A Bitcoin Treasury Company Has a Doctor on Staff, But Why? Photo by Be In Crypto Lockridge Okoth Mon, May 25, 2026 at 4:28 AM GMT+7 2 min read BTC-USD Nakamoto Inc. (NAKA) has defended why a Bitcoin (BTC) treasury company keeps a Chief Medical Officer on payroll. The role went viral as a symbol of what skeptics call Digital Asset Treasury (DAT) excess.
Analysts point to the role alongside NAKA s 99% share collapse and roughly $200 million debt load. CEO David Bailey responded that the medical position exists for reasons rooted in the company s reverse merger origin.
NAKA began as KindlyMD, a Utah-based pain management provider. It listed on Nasdaq before merging with Bailey s private Nakamoto Holdings in 2025.
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