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Nakamoto drops below Bitcoin value as PIPE unlock hits
Yahoo Finance·2025-09-16 18:48

KindlyMD’s Nakamoto (NAKA) fell more than 55% on September 15 and traded below the value of its bitcoin holdings after the SEC-cleared resale of previously restricted shares from recent financings. The company’s market cap is now well beneath the value of its 5,765 BTC, marking a discount to its bitcoin per share. Get these headlines directly to your inbox: subscribe to Blockspace. The selloff followed the September 12 effectiveness of a Form S-3 resale registration that registered PIPE investors to sell ...