From Medical Tech to Bitcoin Treasure: Know Labs Wants to Buy 1,000 BTC

Medical tech company #KnowLabs (stock code: $KNW) has just surprised everyone by announcing plans to buy 1,000 Bitcoin – worth more than $100 million – despite having no previous involvement with crypto.

The move comes as Greg Kidd, an investor who has backed Twitter, Coinbase, Solana and Robinhood, is taking control of Know Labs and will become its new CEO after the deal is completed. Kidd stated: “The Bitcoin strategy will create sustainable growth and long-term shareholder value.”

Know Labs’ stock price has increased 71% in just one day, reaching $0.87, amid a strong recovery for Bitcoin, currently trading around $105,000.

Know Labs is one of dozens of public companies that are “boarding the Bitcoin train,” following the model of Strategy – a company that currently holds $BTC worth nearly $61 billion.

The trend of corporate crypto hoarding accelerated after President Donald Trump signed a series of executive orders supporting the crypto market, including requiring the US Treasury to accumulate Bitcoin and protecting the right to self-custody of digital assets.

📌 If the Know Labs deal is completed, this will be a notable turning point in popularizing Bitcoin in traditional finance, especially in the field of health technology.

⚠️ Risk warning: Investing in the crypto market can bring high profits but comes with great volatility. Consider carefully before deciding. #anhbacong