Leadership Transition: Brandon Green has been appointed as the new CEO of BTC Inc, succeeding David Bailey, who will remain as Chairman of the Board. Green has been with the company since 2017 and has played a key role in its growth and expansion.
Financial Growth: BTC Inc reported significant year-over-year growth, with estimated revenue of $61.9 million and EBITDA of $23 million for the nine months ending September 30, 2025, marking a 140% increase compared to the previous year.
Audience Engagement: The company experienced a 45% increase in global conference attendance and generated over 12.8 million impressions across digital platforms, equating to approximately $706.5 million in advertising value.
Strategic Expansion: BTC Inc is positioned to enhance its institutional strategy and global reach, with plans to acquire UTXO Management and continue expanding its Bitcoin education and advocacy efforts through various platforms and events.
Wall Street analysts forecast NAKA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NAKA is 1.25 USD with a low forecast of 1.00 USD and a high forecast of 1.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast NAKA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NAKA is 1.25 USD with a low forecast of 1.00 USD and a high forecast of 1.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.376
Low
1.00
Averages
1.25
High
1.50
Current: 0.376
Low
1.00
Averages
1.25
High
1.50
B. Riley
Buy
downgrade
$2 -> $1
2025-11-20
Reason
B. Riley
Price Target
$2 -> $1
AI Analysis
2025-11-20
downgrade
Buy
Reason
B. Riley lowered the firm's price target on KindlyMD to $1 from $2 and keeps a Buy rating on the shares. Estimates for Digital Asset Treasury Companies have been revised down due to ongoing sector headwinds and weak pricing, with BTC, ETH, and SOL treasuries underperforming their underlying assets since mid-October, the analyst tells investors in a research note. Despite these cuts, valuation dislocations remain, and potential support could come from ROE-enhancing actions-such as buybacks, preferred issuance, or restaking-and stabilization in crypto markets, the firm says.
B. Riley
Fedor Shabalin
Buy
initiated
$32
2025-10-16
Reason
B. Riley
Fedor Shabalin
Price Target
$32
2025-10-16
initiated
Buy
Reason
. Riley analyst Fedor Shabalin last night initiated coverage of five digital asset treasury companies with Buy ratings and named SharpLink Gaming (SBET) its top pick. B. Riley started SharpLink with a Buy rating and $32 price target, Bitmine Immersion (BMNR) with a Buy rating and $90 price target, FG Nexus (FGNX) with a Buy and $8 price target, KindlyMD (NAKA) with a Buy and $2 price target, and Sequans (SQNS) with a Buy and $13 price target. The digital asset treasury companies hold cryptocurrencies as their primary assets, operating like closed-end funds, the analyst tells investors in a research note. Riley says the group exploits market opportunities through capital allocation. It believes "bullish crypto investors" should consider the group as the companies offer leveraged exposure to crypto returns. Riley notes that SharpLink combines an online gaming marketing business with an Ethereum treasury strategy.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for NAKA
Unlock Now
B. Riley
NULL -> Buy
initiated
$2
2025-10-15
Reason
B. Riley
Price Target
$2
2025-10-15
initiated
NULL -> Buy
Reason
B. Riley initiated coverage of KindlyMD with a Buy rating and $2 price target.
Maxim
Matthew Galinko
Buy
initiated
$8
2025-09-03
Reason
Maxim
Matthew Galinko
Price Target
$8
2025-09-03
initiated
Buy
Reason
Maxim analyst Matthew Galinko initiated coverage of KindlyMD with a Buy rating and $8 price target.
About NAKA
Kindly MD, Inc. is a Bitcoin-native holding company. The Company focuses on both healthcare and Bitcoin treasury management. It is focused on holistic pain management and reducing the impact of the opioid epidemic. Its specialty outpatient clinical services are reimbursed by Medicare, Medicaid, and commercial insurance contracts, as well as offered on a fee-for-service basis. The Company offers both in-person and telemedicine options for patients. It provides management of pain, functional medicine, cognitive behavioral therapy, addiction, recovery support services, overdose education efforts, peer support, limited urgent care, preventative medicine, medically managed weight loss, and hormone therapy. Its services include mental health, medical cards, medication management, sleep support, pain treatment, and weight loss. It operates the Bitcoin financial services line of business under the Nakamoto brand. Its wholly owned subsidiary is Nakamoto Holdings Inc.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
