The post Bitcoin Treasury KindlyMD Extends Stock Collapse After Earnings Delay appeared on BitcoinEthereumNews.com.

In brief KindlyMD’s stock fell nearly 10% Monday after missing its Q3 earnings deadline, citing complex accounting from its Nakamoto merger. The Bitcoin treasury firm’s shares are down 95% from six months ago. Expected Q3 results include a $59 million loss on the Nakamoto acquisition, $22 million in unrealized digital asset losses, and $1.4 million in realized losses from selling crypto. Bitcoin treasury company Kindly MD’s share price dropped nearly 10% Monday after the firm said Friday that it won’t be able to meet the deadline for its third-quarter earnings “without unreasonable effort or expense.” The company’s shares, which trade on the Nasdaq under the NAKA ticker, had fallen to $0.55 by the end of the trading day. NAKA is now 25% down from a week ago, and more than 95% lower than it was six months ago. Large companies file within 40 days after the end of a quarter. All other U.S. publicly traded companies, including KindlyMD, have 45 days to file after the end of a quarter. For Q3, which ended on Sept. 30, that cutoff was November 14. But instead of its 10-Q, KindlyMD filed paperwork with the U.S. Securites and Exchange Commission on Friday to say the complexity of accounting related to its merger with Nakamoto has “necessitated additional time to ensure the accuracy and completeness of the information.”  KindlyMD merged earlier this year with Nakamoto, a Bitcoin treasury firm formerly known as Nakamoto Games. As part of the merger, Nakamoto founder David Bailey was named CEO in August. Bailey has remarked on X about a new CEO taking over at BTC Inc., which he co-founded, but has not directly commented on the company’s share price or late quarterly earnings. The firm did signal in its filing that its numbers will show a “significant change”…

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Filed under: News - @ November 18, 2025 6:29 pm