Following a delisting notice from Nasdaq, digital asset treasury (DAT) firm Nakamoto (NASDAQ: NAKA) authorized a $10 million share repurchase program. Filed under the parent company name KindlyMD, NAKA currently trades hands at $0.39.
Nasdaq issued the notice to KindlyMD after the stock traded below $1.00 for 30 consecutive days as of December 10.
The $10 million authorized for the repurchase program represents 40% of $24 million in cash and cash equivalents Nakamoto reported as of the end of September 30, 2025. The firm currently holds 5,398 bitcoin on its balance sheet.
The buyback program follows Nakamoto’s raising $5.6 million in Q3 through an at-the-market program at an average price of $4.15 per share.
NAKA shares are up 4.3% on the day at the time of publication.
