Nakamoto Inc. plunges nearly 10% after name change to Bitcoin focus; shares at $0.39
On Wednesday, Nakamoto Inc. announced a rebrand from KindlyMD and adoption of the ticker NAKA, sending its shares down nearly 10%. At publication, the stock was over 7% lower at $0.39, according to CNBC market data. CEO David Bailey said the name clarifies a Bitcoin-only strategy, and the company reports holdings above $500 million in Bitcoin.