Nakamoto, a Bitcoin treasury firm, will execute a 1-for-40 reverse stock split starting May 22, reducing its shares from 696.1 million to 17.4 million to boost its stock price above Nasdaq's $1 minimum. The stock has traded below $1 for seven months, risking delisting. Despite a $238.8 million Q1 loss mainly due to Bitcoin devaluation, CEO David Bailey remains optimistic about growth and shareholder value in 2026. The stock price fell 7.5% after the announcement, and it remains uncertain if the split will restore Nasdaq compliance.
Nakamoto Inc. has shut down its legacy healthcare clinics as of June 19, 2026, completing its transition into a pure Bitcoin operating company. The company now focuses on three main business areas: media and information services, asset management, an...
Nakamoto Inc. has closed its legacy healthcare clinics as of June 19, 2026, completing its transition to a Bitcoin-focused company. The closure ends all patient-facing operations linked to the former KindlyMD business, allowing Nakamoto to concentrat...
Nakamoto Inc., formerly a healthcare provider specializing in opioid crisis treatment, officially closed its clinics on June 19, 2026, completing its transition to a Bitcoin-focused company. The shift began in 2025 with a merger and rebranding, follo...
