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Jan. 2 marked the first trading session of 2026 for the U.S. stock market.&nbsp;
And <a href="https://www.thestreet.com/crypto/tag/bitcoin-treasury" rel="noopener noreferrer nofollow">Bitcoin-treasury</a> stock Kindly MD (NASDAQ: NAKA) is trading higher despite ongoing regulatory scrutiny.
The rally follows a challenging few weeks for the <a href="https://www.thestreet.com/crypto/markets/bryan-johnson-bitcoin-health-in-common" rel="noopener noreferrer nofollow">healthcare</a>-turned-crypto firm, which recently received a delisting notice from Nasdaq.
<a href="https://www.thestreet.com/crypto/markets/alarming-growth-of-bitcoin-treasuries-all-time-high-price-prediction" rel="noopener noreferrer nofollow">Related: 'Alarming' growth of bitcoin treasuries prompts all-time high price prediction</a>
<h2 id="what-is-kindly-md">What is Kindly MD?</h2>
Kindly MD, Inc. is a healthcare and healthcare data company that provides direct patient care by integrating prescription medicine with behavioral health services.
It operates specialty outpatient clinics on a subscription and fee-for-service basis, supplementing traditional healthcare systems.
Its services include chronic pain management, functional medicine, cognitive behavioral therapy, trauma and addiction recovery, overdose education, peer and recovery support, preventive care, travel and hormone therapy, as well as limited urgent care.
The company also offers data collection, research, and online marketing services.
In mid-May 2025, Kindly MD <a href="https://www.thestreet.com/crypto/markets/stock-soars-over-600-after-bitcoin-treasury-strategy" rel="noopener noreferrer nofollow">merged</a> with crypto entrepreneur David Bailey’s Bitcoin-focused firm, Nakamoto Holdings Inc., transforming into a Bitcoin treasury company.
According to <a href="https://bitcointreasuries.net/public-companies/kindlymd-inc" rel="noopener noreferrer nofollow">BitcoinTreasuries</a>, the company holds approximately 5,398 BTC, valued at more than $483.38 million at press time.
<h3 id="more-news">More News:</h3>
<ul>
 <li><a href="https://www.thestreet.com/crypto/markets/why-bitcoin-treasuries-are-trading-at-a-discount" rel="noopener noreferrer nofollow">Why Bitcoin Treasuries are trading at a discount</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/msci-delisting-of-crypto-stocks-could-trigger-15b-sell-off" rel="noopener noreferrer nofollow">MSCI delisting could trigger crypto sell-off worth billions</a></li>
 <li><a href="https://www.thestreet.com/crypto/business/saylor-hints-morgan-stanley-partnership-amid-delisting-fiasco" rel="noopener noreferrer nofollow">Saylor hints at potential Morgan Stanley partnership amid delisting fiasco</a></li>
</ul>
<h2 id="kindly-md-receives-not-so-kind-nasdaq-notice">Kindly MD receives not-so-kind NASDAQ notice</h2>
On Dec. 10, Kindly MD <a href="https://www.thestreet.com/crypto/trading/popular-bitcoin-company-receives-nasdaq-delisting-notice" rel="noopener noreferrer nofollow">disclosed</a>&nbsp;that Nasdaq had issued it a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=102691&amp;ref=319643185&amp;type=HTML&amp;cdn=7becce2ade77343240c8767fae7a1836&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2025-12-12&amp;cik=0001946573" rel="noopener noreferrer nofollow">delisting notice </a>after its shares failed to trade above the minimum bid price of $1 for 30 consecutive business days.
Under Nasdaq Listing Rule 5810(c)(3)(A), the company has until June 8, 2026, to regain compliance by maintaining a closing bid price of at least $1 for 10 consecutive trading days—a period that may be extended to 20 days at Nasdaq’s discretion.
If the company does not meet this requirement within the initial 180-day window, it may apply to transfer its listing to the Nasdaq Capital Market, which could extend its compliance deadline.&nbsp;
Failure to comply even after that could result in full delisting from Nasdaq.
<a href="https://www.thestreet.com/crypto/trading/popular-bitcoin-company-receives-nasdaq-delisting-notice" rel="noopener noreferrer nofollow">Related: Popular Bitcoin company receives Nasdaq delisting notice</a>
<h2 id="kindly-md-makes-double-digit-gains-in-new-year">Kindly MD makes double-digit gains in New Year</h2>
Despite its compliance hurdles, NAKA opened 2026 on a positive note.&nbsp;As of Jan. 2, the stock was up more than 12.28%, trading near $0.394.
On a year-to-date basis, NAKA showed a 7.37% gain, though it remains down 20.20% over the past month, largely following news of the Nasdaq delisting notice.
Analysts remain cautiously optimistic. The company has a consensus price target of $4.50, with projections ranging from $1 (B. Riley Securities) to $8 (Maxim Group), according to <a href="https://www.benzinga.com/quote/NAKA" rel="noopener noreferrer nofollow">recent coverage</a>.&nbsp;
The average target of $3.67 implies an 836.09% upside from its current price, with both firms maintaining “buy” ratings on the stock.
<a href="https://www.thestreet.com/crypto/business/mark-cuban-responds-to-businesses-treasuries" rel="noopener noreferrer nofollow">Related: Exclusive: Mark Cuban responds to businesses adding Bitcoin, Ethereum and Dogecoin to their treasuries</a>

Battered crypto stock surges on New Year’s first trading day

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