Nakamoto Launches Share Buyback as Nasdaq Delisting Risk Mounts

Nakamoto Holdings — formerly known as KindlyMD — is facing a potential Nasdaq delisting risk after its shares fell well below the exchange’s minimum bid price requirement.

The company, which has repositioned itself as a Bitcoin-focused firm through its subsidiary Nakamoto Holdings, currently has six months — until June 8 — to lift its stock price back above $1. Failure to do so could result in removal from the Nasdaq exchange.

Shares Under Pressure

Nakamoto’s stock has suffered a sharp decline in recent months, reflecting a broader pattern seen across several crypto-linked and Bitcoin-adjacent public companies. In pre-market trading, shares of NAKA were changing hands at around $0.38, up roughly 4.2% on the day but still far below compliance levels.

Nasdaq rules require listed companies to maintain a minimum bid price of $1.00. If a stock trades below that threshold for an extended period, issuers are typically granted a grace period to regain compliance.

Share Repurchase Program Announced

In an effort to support its share price, the company announced that its board has authorized a share repurchase program for its outstanding common stock.

Under the authorization, Nakamoto may repurchase shares through various methods, depending on market conditions. The board also retains the flexibility to modify, suspend, or terminate the program if circumstances change.

The announcement helped lift shares modestly in pre-market trading, though the stock remains deeply below the $1 threshold.

Bitcoin Strategy in Focus

Nakamoto has drawn attention for its strategy of accumulating Bitcoin on its balance sheet, aligning itself with a growing group of public companies seeking direct exposure to BTC.

However, as recent market history shows, adopting a Bitcoin-centric strategy does not insulate equities from broader risk-off sentiment, liquidity tightening, or declining investor appetite for small-cap crypto-linked stocks.

The next six months will be critical for Nakamoto as it works to regain Nasdaq compliance. Options typically include corporate actions such as operational improvements, capital restructuring, or a reverse stock split — though no such measures have been announced.

For now, the company remains listed, but the clock is ticking.