Kindly MD, Inc. (NASDAQ:NAKA) saw a 77.19% surge on Tuesday, closing at $8.08 per share following a $30 million investment in a Japan-based Bitcoin treasury by its subsidiary, Nakamoto Holdings Inc.

The investment in Metaplanet Inc. is Kindly MD’s largest single investment to date and its first in an Asian public company with a Bitcoin treasury strategy, aiming to acquire a significant amount of Bitcoins and expand Bitcoin’s net asset value.

Chairman and CEO David Bailey praised Metaplanet’s commitment to financial innovation and global Bitcoin adoption, positioning the company as a leader in Japan’s Bitcoin landscape and a global corporate Bitcoin strategies pioneer.

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Read more at Yahoo Finance: Kindly MD (NAKA) Soars 77% as Unit Enters Bitcoin Treasury Ops