KindlyMD, a healthcare company, saw its shares plummet around 96% from their all-time high after adopting a bitcoin-treasury strategy in May. ALT5 Sigma Corp. and other companies are also experiencing declines in share value due to crypto-treasury strategies, with some trading below net asset value. Investors like Luke Cannon are betting on these stocks rebounding. The SEC and Finra are reportedly scrutinizing trading patterns related to companies adopting crypto-treasury strategies, while KindlyMD, led by Trump crypto advisor David Bailey, has seen a significant drop in share value. ALT5 Sigma and KindlyMD did not provide comments on the matter. KindlyMD, a healthcare company, saw shares drop 96% after adopting a bitcoin-treasury strategy. Even Strategy, a major crypto-treasury company, experienced a significant premium decrease compared to 2020. Analysts predict more crypto-treasury companies will see falling share prices and struggle to maintain funding strategies. Mergers and acquisitions are anticipated within the industry.

Read more at Finance.yahoo.com: Many crypto-treasury companies are trading for less than what their digital assets are worth. Is this a bargain or a big red flag?