Nakamoto warns of bitcoin liquidation risks in quarterly SEC filing
The bitcoin treasury firm, formerly known as Kindly MD, submitted its report to regulators for the period ending 30 September 2026.
Key takeaways
- 1Nakamoto Inc. submitted its Form 10-Q quarterly report to the US SEC for the period ending 30 September 2026.
- 2The entity was formerly named Kindly MD, Inc. before changing its strategic focus to a bitcoin treasury.
- 3Filing disclosures listed forced liquidations from collateral calls among primary operational risk factors.
- 4The firm uses non-GAAP adjusted operating income to supplement standard financial reporting.
Nakamoto Inc., a bitcoin treasury company, detailed operational and market risks surrounding potential forced liquidations of its digital assets in a quarterly filing with the US Securities and Exchange Commission for the period ending 30 September 2026.
The company said in its report that margin or collateral calls could require it to liquidate bitcoin holdings at unfavourable prices. Nakamoto, formerly known as Kindly MD, Inc., transitioned its core focus toward holding bitcoin as a primary treasury reserve.
Management listed systemic risks in the filing, including capital markets volatility, regulatory changes in digital asset derivatives, and potential macroeconomic disruptions. Nakamoto said its strategy lacks business diversification outside the bitcoin treasury, leaving overall performance dependent on digital asset market conditions.
To evaluate performance, Nakamoto said it uses adjusted operating income or loss, a non-GAAP financial measure, alongside standard financial statements. The company said it undertakes no obligation to update forward-looking statements after the filing date unless required by law.
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