'I Encourage You to Exit': Bitcoin Treasury Nakamoto's Shares Plunge 50% After CEO Letter

Core Insights - Kindly MD, a Bitcoin treasury company, is experiencing significant volatility, prompting CEO David Bailey to advise investors seeking short-term trades to exit [1] - The company recently submitted its S3 registration to the SEC, allowing shares from a $200 million PIPE deal to become freely tradable [1] - Following the registration, Kindly MD's shares dropped over 54%, reaching a low of $1.26, the lowest since February [2] Company Developments - Kindly MD completed its merger with Nakamoto Holdings, a Bitcoin-native holding company, making it a wholly owned subsidiary responsible for the Bitcoin financial services line [5] - Trading volume for Kindly MD has surged, with over 89 million shares traded, marking the highest volume since a rally in February [2][3] - The company has faced scrutiny regarding its stock price, as Nasdaq rules could impose warnings if shares close below $1 for 30 consecutive days [3]