Bitcoin Treasury Kindly MD Faces Potential Delisting After Nasdaq Notice
Kindly MD, a Utah-based healthcare company turned Bitcoin treasury firm, received notice from Nasdaq after its share price remained below $1 for 30 consecutive business days, triggering a six-month period to regain compliance or face delisting. The company has until June 8, 2026, to raise its stock price above $1 for at least 10 days; otherwise, it may transfer to the Nasdaq Capital Market or risk delisting. Kindly MD merged with Nakamoto Holdings in August 2025, after which its shares (ticker: NAKA) fell over 98% to $0.39, a decline linked to $563 million in PIPE financing that flooded the market with discounted shares when resale restrictions lifted. Nakamoto Holdings, founded by David Bailey, positions itself as a Bitcoin-native holding company and aims to consolidate Bitcoin Magazine, Bitcoin Conference, and 210k Capital. Kindly MD holds 5,398 BTC, ranking 19th among public companies, with aspirations to acquire up to 1 million BTC. For comparison, MicroStrategy holds 671,268 BTC.
