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Bitcoin Magazine CEO: If the BTC price on the company's balance sheet is lower than its value, why not sell and buy back shares?

2025-05-14 03:56

Odaily News Bitcoin Magazine CEO David Bailey posted on the X platform that if the price of Bitcoin on the company's balance sheet is lower than its value, why not sell Bitcoin to buy back shares? Why not sell 1 Bitcoin to buy 1.1 Bitcoins? David Bailey and his holding company Nakamoto announced that they would raise $710 million and merge with healthcare data company KindlyMD to establish a Bitcoin treasury.