Kindly MD's S3 registration with the SEC caused a stock price to plummet, affecting its MNAV ratio
Source: CoinWorld
Time: 2025-09-16 04:53:16
Kindly MD CEO David Bailey warned that stock prices could fluctuate as the company’s S3 registration takes effect, plunging 54% at one point to $1.26. Trading volume surged to 89 million shares as investors exited after PIPE discounted stocks were unlocked. The Bitcoin-focused healthcare company currently has a share price below the value of its Bitcoin holdings, with a market cap of $504 million, while Bitcoin assets are $663 million.