Nakamoto Holdings, Kindly MD, Anchorage Digital Form Bitcoin Treasury Partnership; NAKA Debuts Near $27 on NASDAQ

Nakamoto Holdings, Kindly MD (KDLY), and Anchorage Digital have formed a strategic partnership focused on Bitcoin treasury management. Following this development, Nakamoto Holdings is trading with a new ticker symbol, NAKA, on NASDAQ, with shares recently priced around $22.07 to nearly $27 in after-hours trading. Market analysts have noted the merger and Bitcoin treasury strategy's potential, drawing comparisons to GameStop's market dynamics. Valuation metrics indicate Nakamoto Holdings has a Nakamoto Value (MNAV) to share price ratio of 16x, compared to 3.6x for XXI/CEP and 1.92x for MicroStrategy (MSTR). The partnership and new ticker have attracted attention as a notable move in the Bitcoin treasury sector.