NAKA

Nakamoto has completed its transformation into a pure-play Bitcoin company, shutting its final healthcare clinic and ending all remaining ties to its healthcare business.

Nakamoto (NASDAQ: NAKA) sold roughly 600 Bitcoin and related derivatives for $48 million to retire $45 million of debt, refinanced its remaining Kraken loan at a lower interest rate with extended maturities, authorized a $25 million share buyback program, and retained 4,467 BTC on its balance sheet.

Bitcoin treasury firms and entities are offloading holdings amid falling prices.

Nakamoto Inc. announced today that it has entered into merger agreements to acquire BTC Inc. and UTXO Management GP, LLC.

KindlyMD ($NAKA) has authorized a flexible share repurchase program to buy back stock.

Bitcoin price is nearing $117,000 — but treasury stocks like MicroStrategy (NASDAQ: MSTR) and KindlyMD (NASDAQ: NAKA) are collapsing as dilution floods the market. The “paper bitcoin” era is officially over.