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Nakamoto Defends Doctor Role as BTC Treasury Backlash Grows

2026-05-24 21:50:57

Nakamoto defended its Chief Medical Officer role as analysts pointed to a 99% share collapse and about $200 million debt load. CEO David Bailey said the role exists because Nakamoto merged with a healthcare company and must maintain an operating business for Nasdaq listing compliance. A 1-for-40 reverse stock split took effect May 22, lifting NAKA from around $0.16 to roughly $6.

BTC0.5%

NAKA0.39%

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