Shares of Bitcoin treasury firm KindlyMD fell nearly 10% after the company delayed submitting its Q3 earnings report.

Odaily Planet Daily reports that KindlyMD (NASDAQ: NAKA), a Bitcoin treasury company, saw its stock price fall nearly 10% on Monday, closing at $0.55, after failing to submit its third-quarter earnings report on time. The company's stock has fallen approximately 25% over the past week and is down more than 95% compared to six months ago.

KindlyMD filed a notice with the U.S. SEC last Friday stating that due to the complex accounting treatment resulting from the Nakamoto merger, the company needs more time to complete the relevant financial reporting. (Decrypt)