KindlyMD shares plummeted 55%, swing traders were warned to "leave early" before violent volatility

According to Coinjie.com, KindlyMD's stock price plummeted 55.4% to $1.24 on Monday, hitting a new low since early February. CEO David Bailey warned in a letter to shareholders that the stock price volatility will intensify and advised short-term investors to exit. The company raised $200 million through a discounted private placement, causing its market value to drop to $466 million, lower than the value of its 5,765 Bitcoins (about $665 million). Bailey said the move is intended to screen long-term investors and drive the company to transform into a Bitcoin-native financial institution.