KindlyMD Inc., the healthcare agency working a Bitcoin treasury by its subsidiary Nakamoto Holdings, mentioned Wednesday its board has approved a share repurchase program, giving administration discretion to purchase again inventory as shares commerce beneath the worth of the corporate’s bitcoin holdings.
The Nasdaq-listed firm mentioned it could repurchase shares by open-market purchases, privately negotiated transactions, block trades, or different legally permissible strategies.
Buybacks may additionally be executed below Rule 10b5-1 buying and selling plans and can adjust to Rule 10b-18 of the Securities Alternate Act.
“This share repurchase program displays our confidence within the long-term worth of the Firm and provides an necessary diploma of flexibility to our capital allocation framework,” mentioned David Bailey, Chairman and CEO of KindlyMD.
“As shareholders ourselves, we stay centered on deploying capital with self-discipline and intention, balancing continued funding in our strategic priorities with actions we imagine will drive sturdy worth for all shareholders.”
The authorization doesn’t commit KindlyMD to repurchase any particular variety of shares. Administration will decide the timing and dimension of any buybacks based mostly on market situations, capital necessities, buying and selling liquidity, and regulatory issues.
The board might modify, droop, or terminate this system at any time, the corporate mentioned.
$NAKA, KindlyMD inventory merger
The transfer comes after a steep selloff in KindlyMD’s inventory following its merger earlier this yr with Nakamoto Holdings, a bitcoin-native treasury agency.
Shares of KindlyMD, which commerce below the ticker ‘NAKA,’ have fallen greater than 95% from their peak in the course of the bitcoin treasury firm surge within the spring. Shares are at present buying and selling close to $0.37.
Based on the corporate’s public dashboard, KindlyMD holds 5,398 bitcoin on its steadiness sheet. At a bitcoin worth close to $88,000, these holdings are valued at roughly $1 billion — properly above the corporate’s enterprise worth, estimated at about $400 million.
KindlyMD has positioned bitcoin as a long-term balance-sheet asset moderately than a short-term buying and selling instrument, whereas persevering with to function built-in healthcare clinics and data-driven care companies.
The share repurchase authorization provides one other monetary lever as the corporate navigates market volatility, regulatory strain, and investor scrutiny following its fast rise and fall in 2025.
Disclosure: Nakamoto is in partnership with Bitcoin Journal’s father or mother firm BTC Inc to construct the primary world community of Bitcoin treasury corporations, the place BTC Inc supplies sure advertising and marketing companies to Nakamoto. Extra data on this may be discovered right here.
