Kindly MD (NAKA) Soars 77% as Unit Enters Bitcoin Treasury Ops

We recently published 10 Stocks With Eye-Popping Gains — 1 Surges 3,000%. Kindly MD, Inc. (NASDAQ:NAKA) is one of the top performers on Tuesday.

Kindly MD jumped by 77.19 percent on Tuesday to end at $8.08 apiece as investor sentiment was bolstered by its subsidiary’s $30 million investment in a Japan-based Bitcoin treasury.

In a statement, Kindly MD, Inc. (NASDAQ:NAKA) said its subsidiary, Nakamoto Holdings Inc. is investing in Metaplanet Inc., Japan’s first Bitcoin treasury company. The transaction marks as its unit’s largest single investment to date and its first in an Asian public company with a Bitcoin treasury strategy.

According to Kindly MD, Inc. (NASDAQ:NAKA), the acquisition forms part of the group’s plan to acquire a large amount of Bitcoins in a short period of time while significantly expanding Bitcoin’s net asset value.

“Metaplanet has established itself as a leader in Japan’s Bitcoin landscape through its commitment to advancing financial innovation and driving the global adoption of Bitcoin,” said Kindly MD, Inc. (NASDAQ:NAKA) Chairman and CEO David Bailey.

“By positioning Bitcoin as the cornerstone of its financial approach, Metaplanet has become one of Japan’s leading public companies and a global leader in corporate Bitcoin strategies. We are proud to support their mission and believe this investment will further strengthen the global network of companies placing Bitcoin at the center of institutional finance,” he added.

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Disclosure: None. This article is originally published at Insider Monkey.