Резкое падение акций Nakamoto: CEO призывает инвесторов покинуть компанию Translation: Sharp drop in Nakamoto shares: CEO urges investors to exit the company

Nakamoto’s shares (formerly known as Kindly MD) have plummeted by 95% over the course of three months, falling from $35 to $1.3. This downward trend has persisted alongside the release of a controversial message directed at investors.

On September 15, CEO David Bailey, who is also a founder of Bitcoin Magazine, warned in a letter about impending volatility concerning NAKA. He expressed a preference for uncertain investors to exit.

“To those shareholders who arrived seeking a bargain, I advise exiting the business. This transition could present a moment of uncertainty for investors,” he stated.

By “transition,” Bailey referred to the filing of an S3 registration form with the U.S. Securities and Exchange Commission (SEC) on September 12. During the company’s formation, some shares were sold at a discount, and investors who purchased them were prohibited from selling their assets until the S3 form was submitted.

It is likely that this SEC filing triggered the recent downturn. Although NAKA has been declining almost uninterrupted since May when the asset was at its peak.

“Today, nearly 80 million shares were sold. I am once again flattered by such support and look forward to meeting all our new shareholders,” Bailey noted on X.

The company’s CEO acknowledged the challenges, asserting that the only way to address them is to “go through it.”

The firm emerged from the merger of medical provider Kindly MD and bitcoin holding Nakamoto. At its inception, it raised $710 million to create a bitcoin reserve.

At its peak, Nakamoto was valued at more than 20 times the value of its reserves of the leading cryptocurrency. However, the metric mNAV has dropped to 0.82.

Under Nasdaq rules, if a company’s shares close below $1 for 30 consecutive days, it receives a warning and has 180 days to remedy the situation. Failure to do so will result in the asset being delisted from the exchange.

It is worth noting that JPMorgan described the refusal to include Strategy in the S&P 500 as a «blow to crypto assets.»