NAKA stock price plummeted 54% in one day, and the market is tired of DAT?

Original Author: Chloe, ChainCatcher

September 15, DAT company KindlyMD (NAKA) shares fell to $1.28, down 54% in the 24 hours before the deadline and more than 90% in a month. The healthcare-to-Bitcoin (BTC) asset company is now facing dual pressure from equity dilution plans and general investor fatigue in its digital asset vault (DAT) strategy.

Originally listed on Nasdaq, KindlyMD is an integrated medical technology company that began its transformation with Bitcoin (BTC) asset Nakamoto Holdings.

A month ago, KindlyMD announced that it had raised $540 million through a share offering program to expand its Bitcoin reserves. In mid-August, KindlyMD announced its first purchase of Bitcoin, purchasing approximately 5,744 Bitcoins through its Nakamoto subsidiary, with a total transaction price of approximately $679 million, with an average price of approximately $118,200 per coin, compared to around $110,000 at the time.

The stock peaked above $15 in...

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