---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-024314"
form_type: "8-K"
ticker: "NAKA"
cik: "0001946573"
company_name: "Nakamoto Inc."
filed_at: "2025-11-19T23:59:59+00:00"
generated_at: "2026-05-16T18:34:06.947634+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# KindlyMD posts Q3 net loss of $86M; Bitcoin treasury holds 5,398 BTC

## Summary
- Net loss $86.0M ($0.42/diluted share) vs $1.0M loss in Q3 2024; revenue $0.4M down from $0.6M.
- Completed merger with Nakamoto; holds 5,398 Bitcoin as of Nov 12, 2025, purchased at avg $118,204.
- Invested $45M in Bitcoin treasury companies: $30M in Metaplanet, $15M in Treasury BV, and $6M in FUTURE Holdings.
- Appointed Amanda Fabiano (ex-Galaxy, Fidelity) as COO; established $5B ATM program, raised $5.6M at avg $4.15.
- Non-cash charges: $59.8M loss on acquisition and $22.1M unrealized loss on digital assets drove net loss.

## SEC filing metadata
- accession: 0001493152-25-024314
- form_type: 8-K
- ticker: NAKA
- cik: 0001946573
- company_name: Nakamoto Inc.
- filed_at: 2025-11-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1946573/000149315225024314/0001493152-25-024314-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1946573/000149315225024314/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-024314
- JSON: https://secwatch.observer/filing/0001493152-25-024314.json
- Plain text: https://secwatch.observer/filing/0001493152-25-024314.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.