Kindly MD, a company focused on Bitcoin treasury, has received a notice from Nasdaq due to its shares trading below the minimum price of $1 for a consecutive 30 business days. The company now has 180 days to comply with Nasdaq regulations; if it does not raise its stock price above $1 for at least 10 trading days by June 8, 2026, it risks being delisted.

This notice, issued on Wednesday, does not affect trading now but sets a deadline for compliance as per the regulations from the Securities and Exchange Commission (SEC).

If Kindly MD cannot meet these requirements, they might transfer their listing to the Nasdaq Capital Market to seek an extension. However, Nasdaq could ultimately delist their shares if they do not satisfy the price rule or other requirements.

Based in Utah, Kindly MD announced plans to merge with Nakamoto Holdings on May 12, shifting towards a Bitcoin treasury approach that saw their shares peak around $25 on May 27. The merger concluded on August 14. However, shares have recently dropped by over 98%, trading at $0.39 at the time of reporting, per Yahoo Finance data.

Kindly stock price year-to-date. Source: Yahoo Finance

Nakamoto Holdings, founded in 2025 by David Bailey (CEO of Bitcoin Magazine), aims to create a network of crypto treasury businesses with BTC Inc. The recent decline in Kindly MD stock is attributed to their financing strategy, which involved selling discounted shares through $563 million in private investments to fund Bitcoin purchases.

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Currently, Kindly MD holds 5,398 Bitcoin, positioning itself as the 19th largest public holder of BTC, with aspirations to acquire 1 million BTC. In contrast, Strategy, a leading Bitcoin treasury, holds 671,268 BTC but has seen a decline of over 40% in stock this year while being 452% up since investing in 2020.

Top 20 Bitcoin treasury companies. Source: BitcoinTreasuries.net

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