KindlyMD Bitcoin Treasury Faces Nasdaq Delisting As It Plunges Below $1 — Can It Survive Like MSTR?
KindlyMD Inc., a healthcare and Bitcoin treasury firm, is dealing with the danger of being delisted from the Nasdaq after its share worth remained under the change’s minimal bid requirement for an prolonged interval.
In a Form 8-Okay submitting dated Dec. 12, the corporate disclosed that it had acquired a discover from Nasdaq’s Listing Qualifications Department after its frequent inventory closed under $1 for 30 consecutive buying and selling days, inserting it out of compliance with Nasdaq Listing Rule 5450(a)(1).
KindlyMD’s shares, which commerce beneath the ticker NAKA, are at present priced at $0.38. The inventory is down almost 5% on the day, has fallen greater than 30% over the previous month, and is down over 73% yr thus far.
KindlyMD Faces June 2026 Deadline to Recover Stock Price
Under Nasdaq guidelines, KindlyMD has 180 calendar days, or till June 8, 2026, to regain compliance by sustaining a closing bid worth of at the least $1 for at least 10 consecutive buying and selling days.
KindlyMD’s present state of affairs marks a steep reversal from earlier optimism surrounding its Bitcoin technique.
In May, the company merged with Nakamoto, a Bitcoin-focused public entity, in one of many first recognized circumstances of a healthcare agency formally adopting Bitcoin as a core treasury asset.
@KindlyMD merges with Bitcoin-native Nakamoto to launch the first-ever Bitcoin-backed healthcare firm. #Bitcoin #treasury #Metaplanethttps://t.co/Gw5h56BP70
— Cryptonews.com (@cryptonews) May 13, 2025
The mixed entity retained the KindlyMD identify, with Nakamoto working as an entirely owned subsidiary, and raised greater than $700 million by means of a mixture of personal placements and convertible debt to fund Bitcoin purchases.
That technique accelerated in August, when KindlyMD acquired 5,764 Bitcoin in a single transaction, spending roughly $679 million at a mean worth above $118,000 per coin.
According to CoinGecko information, the corporate now holds Bitcoin valued at about $502.6 million, inserting it round thirty second amongst public Bitcoin treasury holders, down from twenty sixth three months earlier.
At present costs, the place carries an unrealized lack of roughly $176 million, or about 26%.
Bitcoin itself is buying and selling close to $87,000, up modestly on the week, however many publicly listed corporations holding crypto on their steadiness sheets have seen their shares fall sooner than the underlying property.
The Bitcoin Treasury Trade Isn’t One-Size-Fits-All: KindlyMD vs. Strategy
KindlyMD’s monetary filings mirror the pressure of its speedy transformation. In its third-quarter report, the corporate posted income of $0.4 million from its healthcare operations, whereas working bills climbed to $10.8 million, pushed largely by prices tied to its Bitcoin technique.
The firm reported a internet lack of $86 million for the quarter, together with non-cash costs linked to the Nakamoto merger and unrealized digital asset losses.
Notably, the corporate stated the Nasdaq’s discover has no fast influence on its itemizing and that its shares will proceed buying and selling on the Nasdaq Global Market throughout the compliance interval.
If it fails to recuperate, the corporate could search to switch to the Nasdaq Capital Market or pursue a reverse inventory cut up, although it cautioned that there isn’t a assurance both step would achieve success.
The state of affairs differs from Strategy Inc., previously MicroStrategy, which is facing uncertainty tied to index eligibility rather than exchange rules.
Strategy’s spot @MicroStrategy in main indexes is now in danger, with JPMorgan warning {that a} removing from MSCI USA or the Nasdaq 100 might spark billions in outflows.#Strategy #CryptoStocks https://t.co/ozDjakVUm7
— Cryptonews.com (@cryptonews) November 21, 2025
MSCI started reviewing its index methodology in October 2025, triggering a pointy sell-off in MSTR shares.
The firm has formally submitted its 12-page letter to MSCI opposing the proposal.
While the inventory later stabilized after retaining its Nasdaq 100 place, the danger stays, with a delisting probably triggering billions in compelled passive fund gross sales.
MSCI is predicted to difficulty a last choice in January 2026.
Notably, throughout the market, digital asset treasury shares have broadly underperformed their underlying holdings in current months.
Data shows that in November, inflows into DATS have been solely $1.32 billion in inflows, their lowest stage of the yr, displaying a cooling of investor urge for food as volatility and regulatory uncertainty persist.
The put up KindlyMD Bitcoin Treasury Faces Nasdaq Delisting As It Plunges Below $1 — Can It Survive Like MSTR? appeared first on Cryptonews.
