$BTC Bitcoin Magazine CEO Reconsiders Bitcoin Holdings Following Merger

Odaily reports that Bitcoin Magazine CEO David Bailey has raised concerns about the effectiveness of holding Bitcoin on a company's balance sheet if its market price drops below its book value. He proposed alternative strategies, such as selling Bitcoin to buy back shares or engaging in trades to gain a return of 1.1 $BTC for every Bitcoin exchanged. His comments follow the announcement that he and his holding company, Nakamoto, have secured $710 million and merged with healthcare data firm KindlyMD to create a Bitcoin treasury.

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