One of the most hyped Bitcoin treasuries is imploding. Nakamoto Holdings, which merged with healthcare company KindlyMD in August, crashed more than 50% on Monday, just days after its PIPE shares unlocked last week, allowing insiders to dump their stock on the market. Shares for Nakamoto are down 96% from its May peak. Today, they trade at $1.50. The collapse marks the first major blowup in the Bitcoin treasury boom that’s seen over 170 companies pile into the trade. “Hoe-Lee-Smokes. The crypto treasur ...