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Adam Back: NAKA went public via RTO with medical services firm KDLY

Adam Back: NAKA went public via RTO with medical services firm KDLY
NAKA public via RTO with KDLY

Adam Back, CEO and co-founder of Blockstream, questions whether a management team member is directly involved in the operations of Kindly. Back recalls that NAKA went public through a reverse takeover (RTO) with a small medical services company, KDLY.

Back has previously discussed the positioning of bitcoin treasury companies as an arbitrage opportunity between current fiat and a potential hyperbitcoinized economy. In a recent interview, he described this trend among corporate treasuries seeking exposure to digital assets. Details on his analysis can be found in his recent commentary.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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