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Bitcoin Treasury KindlyMD Closes $200 Million Raise to Buy More BTC

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In brief

  • KindlyMD said it was merging with Nakamoto Holdings to become a Bitcoin treasury back in May.
  • The company just closed a $200 million convertible note offering.
  • KindlyMD is the latest firm to pivot to Bitcoin buying as a way to provide better returns for investors.

Bitcoin treasury KindlyMD has closed a $200 million convertible note offering that it will use to buy more BTC, the company announced Monday. 

The issuance is the latest step in the company’s strategy to build its BTC holdings and adds to the $540 million that the company raised via a private placement in public equity (PIPE), which closed concurrently as it merged with Nakamoto Holdings. The combine company is retaining the KindlyMD name. 

“The Company intends to use the net proceeds from the Convertible Note offering to purchase more Bitcoin, as well as for working capital and general corporate purposes,” KindlyMD said in a statement Friday. 

UPDATE: KindlyMD Closes $200 Million Convertible Note Offering. The issuance of the Convertible Note expands our Bitcoin treasury strategy and adds to the $540M gross proceeds from the PIPE Financing.

— Nakamoto (@nakamoto) August 15, 2025

In May, Kindly, which has shifted its focus as a healthcare data provider, and Nakamoto Holdings announced their merger. Nakamoto is a holding company co-founded by Bitcoin Magazine CEO David Bailey, with the intent of purchasing Bitcoin. CEO Bailey advised President Trump on his 2024 crypto policy while the Republican was campaigning. 

YA II PN, Ltd., an investment fund managed by hedge fund Yorkville Advisors, is managing the financing. 



KindlyMD’s stock, which trades on the Nasdaq under the ticker NAKA, closed about 12% lower on Monday. The idea is that investors will be able to get exposure to the leading cryptocurrency by buying its stock. 

A full 168 public companies have Bitcoin treasuries—a move popularized by Michael Saylor’s software firm Strategy, which began purchasing the asset in 2020. 

After pivoting from software development, Strategy started buying Bitcoin in August 2020 as a way to generate better returns for its shareholders. 

It is the largest corporate holder of the asset with 629,376 BTC worth over $73 billion. It mostly works now to securitize Bitcoin. 

Bitcoin was recently trading for $116,605 per coin after dropping 1% over a 24-hour period. It broke a new all-time high last week of $124,128, according to crypto data provider CoinGecko. 

Strategy issues debt to fund its purchases. Since Strategy first bought Bitcoin five years ago, its stock (Nasdaq: MSTR) has rocketed up by over 2,700%. 

Some of Strategy’s followers are using spare cash to buy the flagship digital currency, while others are issuing debt. 

But some experts have warned that the crypto play has its risks. 

Other notable treasuries include Twenty One, started by a combination of crypto and traditional finance powerhouses—Tether, Bitfinex, Cantor Fitzgerald, and SoftBank. It holds 43,500 digital coins, although it has yet to begin trading. 

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NYC proposes 5 percent raise for rideshare drivers in a bid to appease Uber and Lyft
Gaming Gear

NYC proposes 5 percent raise for rideshare drivers in a bid to appease Uber and Lyft

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New York City’s Taxi and Limousine Commission (TLC) have settled on new minimum-wage rules for rideshare drivers, Bloomberg reports. Drivers will receive a five percent raise under the new proposal, a compromise to keep Uber and Lyft from locking drivers out of their apps.

The proposal needs to be voted on by the TLC’s board of commissioners before it goes into effect, but assuming it does, it’ll end months of uncertainty for drivers working in the city. Uber began sporadically locking drivers out of its app in May 2024, preventing them taking rides and earning money. The company was blocking access to its app to avoid having to pay drivers who were working but not actively taking rides. Besides introducing a minimum wage for drivers that started around $18 per hour in 2022, New York also included stipulations in its law that required drivers be paid for the downtime between rides, something Uber and Lyft naturally had a problem with.

Bloomberg writes that the TLC initially proposed a 6.1 percent raise in an attempt to disincentivize Uber and Lyft from locking drivers out. The proposal would adjust how driver pay is calculated, in exchange for an upfront raise and a guarantee that drivers are warned before they lose access to a rideshare app. Settling on a five percent raise and a commitment to not raise wages yearly and instead based “changing industry dynamics,” is a further capitulation. One that’s still not enough for Lyft, apparently. The company told Bloomberg that, “while these changes are a step in the right direction, we still have concerns that the underlying pay formula will still deprive drivers of earning opportunities, drive up prices for riders and reduce ride availability.”

Uber and Lyft have long had a contentious relationship with city and state governments over driver protections. In comparison to the passing of Prop 22 in California, which reclassified gig workers as contractors after another law did the opposite, even a diminished minimum wage law in New York is better than nothing.



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40% of Stellar Blade mods are NSFW, but don't worry, we've narrowed that down to three guaranteed to raise your heart rate
Game Updates

40% of Stellar Blade mods are NSFW, but don’t worry, we’ve narrowed that down to three guaranteed to raise your heart rate

by admin


Right, put your hands on the table. Please. I won’t ask again. Thank you. Stellar Blade arrived on PC as of June 11th, and naturally that’s brought a new lease of life the the modding community who’d only had a demo to play with up until that point. Around 40% of the game’s mods over on the Nexus right now are a bit risqué, so we’ve done you a favour and picked out the three filthiest on offer.

Don’t feel you have to thank us. Well, me. This is all part of the job description, alongside all of the holding power to account and providing a service to the consumer stuff. Odds are my Pulitzer’s already in the post.

Okay, you ready? Having searched through the 222 Stellar Blade works on Nexus Mods as of writing, I isolated the 90 tagged as ‘adult’, and calculated that those numbers meant the racy, lecherous, and bawdy stuff made up exactly 40.54% of the total. Then, my instincts kicked in. I began a search for the naughtiest of the naughty, the hardcore horniness-inducers. I found three things.

First of all, and promise me you’ll remain calm, I found the work of modder WTails358. I present to you, dear reader, their Casual Wear. As you’ll see if you click that link after making sure there are no kids or people with pacemakers nearby, this utterly smutty mod clothes Eve in an incredibly chic autumnal turtleneck-style jumper with a dragon design on it.

That sumptuous garment, which tastefully bares her midriff, is paired with delightfully retro chunky trousers that form the perfect constrast via their bright porcelain hue. Completing the look are a striking aquatically-themed belt buckle in gold, and a pair of understated boots that combine practicality with high fashion. Reader, just breathe, I know your temperature’s rising with every word, but you must maintain control.

If you’re alright to continue, I’ll introduce you to this Formal Wear. Steady now. Take deep breaths. I know, it’s an elegant suit and tie combo that allows Eve to cut an equally striking and refined figure that’d look at home on any of the catwalks in Milan or Paris. C’est magnifique, especially twinned with the rounded spectacles that cast Eve as a shrewd, sharp individual who knows what good vintage burgundy tastes like. Phwoar indeed.

However, you mustn’t get carried away, because I have one more totally pornographic mod to show you. It’s modder Tenshiken1’s Thomas the Tank Engine replacer for the stalker boss. Oh no. You’ve blown your whistle. You’vre chugged along the tracks and let out a deep, lustful choo-choo. I hope you’re proud of yourself. What would Sir Topham Hat think?

Well, at least you’ve got time to ruminate on your failings and appreciate the non-jiggly things in life while you wait for more info from Shift Up about Stellar Blade 2.



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IREN's $550m convertible offering, Hypernative's $40m raise
GameFi Guides

IREN’s $550m convertible offering, Hypernative’s $40m raise

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Crypto funding surged to nearly $709 million during the week of June 8-14, 2025, with a massive $550 million private placement by IREN leading the charge.

Venture capital activity remained robust across the sector, particularly in infrastructure, with funding rounds spanning from pre-seed to Series B.

Startups like Hypernative, Yupp, Turnkey, and OneBalance also drew substantial investments, reflecting sustained investor confidence in crypto infrastructure and application-layer innovation despite broader market volatility.

Here’s what we tracked, using data from Cryptofundraising:

IREN (ex Iris Energy)

  • Raised $550 million through private placement of convertible senior notes
  • IREN has raised $863 million so far

$IREN is pleased to announce the closing of its upsized $550m convertible notes offering.

Key details of the transaction:

– Oversubscribed and upsized from $450m to $500m, plus $50m greenshoe

– Net proceeds of approximately $534.9m

– 3.50% coupon, 30% conversion premium

– No… pic.twitter.com/kb6fTQPGfM

— IREN (@IREN_Ltd) June 13, 2025

Hypernative

  • Secured $40 million in a Series B round
  • The investment was backed by TenEleven, Ballistic Ventures, and Stepstone
  • Hypernative has raised $65 million so far

Yupp

  • Yupp raised $33 million in a Seed round
  • Investors include a16z crypto, Coinbase Ventures, and Kunal Shah

Turnkey

  • Gathered $30 million in a Series B round
  • The investment was backed by Bain Capital Crypto, Sequoia, and Lightspeed Faction
  • Turnkey has raised $52.5 million so far

Noah

  • Noah raised $22 million in a Seed round
  • Investors include LocalGlobe, Felix Capital, and FJ Labs

OneBalance

  • Secured $20 million in a Series A round
  • Backed by Cyber Fund, Blockchain Capital, and Mirana Ventures
  • OneBalance has raised $25 million so far

Projects < $11 Million





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Oliver Knight
NFT Gaming

Interactive Strength (TRNR) Plans to Raise Up to $500M to Buy Fetch.AI’s FET Tokens

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Fitness-equipment manufacturer Interactive Strength (TRNR) said it entered into a securities purchase agreement to raise as much as $500 million for buying Fetch.ai’s FET token as a crypto treasury strategy.

The Nasdaq-listed company is already in the process of buying the tokens after raising $55 million of new capital from ATW Partners and DWF Labs, it said in a release shared with CoinDesk.

“Digital assets are rapidly becoming an essential part of global financial infrastructure and AI is the biggest technological leap in our lifetime,” CEO Trent Ward said in the statement. “We believe our strategy to acquire a significant number of $FET tokens could dramatically accelerate our mission to create significant long-term value for TRNR shareholders.”

Interactive Strength, the maker of CLMBR and FORME branded equipment, joins a long list of public companies in U.S. that are adding cryptocurrencies to their balance sheets. Most, led by Strategy (MSTR), are focused on bitcoin

. None of these companies has acquired AI tokens like FET.

TRNR, which has a market cap of $8.4 million, will use BitGo for trading and custody of its FET holdings, according to the press release. Its shares rose 3.5% to 83 cents in pre-market trading.



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Crypto, coinbase, Memecoins, Bitcoin, stablecoin
NFT Gaming

Crypto Industry Raise Concerns Over CLARITY Act Amendment

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Crypto industry players are reportedly concerned about a new section added to the Digital Asset Market Clarity (CLARITY) Act of 2025 ahead of today’s legislative process, which seems to resemble the regulatory approach of the previous administration.

Crypto Industry Players Raise The Alarm

On Tuesday, crypto industry players were reportedly concerned over a new section in the Digital Asset Market Clarity Act of 2025 ahead of today’s markup. Journalist Eleanor Terret revealed that some industry leaders raised the alarm over the legislation’s amended text, which has been allegedly described as a “Gensler-era provision.”

The legislation, introduced on May 29 by Chairman of the House Financial Services Committee French Hill, seeks to establish a regulatory framework for crypto assets in the US and provide the long-awaited clarity and protection for the industry.

The bipartisan bill aims to protect consumers by requiring developers and customer-facing firms to provide crucial disclosures to their clients and keep the companies’ funds separate from those of their customers.

Moreover, the CLARITY Act also seeks to facilitate the growth of crypto projects by providing developers with a clear pathway to secure funding under the oversight of the US watchdog.

“Our bill brings long-overdue clarity to the digital asset ecosystem, prioritizes consumer protection and American innovation, and builds off our work in the 118th Congress,” Hill stated last month.

However, Terret reported that the new amendment would “eliminate exemptions for previously issued tokens,” giving the Securities and Exchange Commission (SEC) “weeping authority to determine, on a case-by-case basis, whether each token qualifies as a security.”

According to the post, critics consider that the change would reintroduce the “uncertainty the bill is meant to resolve.” Meanwhile, some crypto community investors also expressed concern about the provision news, suggesting that the change could allow a game of “winners and losers again.”

It’s worth noting that the CLARITY Act has been heavily criticized by Democrats, with some suggesting that the bill could allow US President Donald Trump to “cash in” on its crypto ventures.

Democratic Representative Maxine Waters expressed her concerns last week, affirming that “this rushed, overly complicated bill will increase investor harm, which already runs rampant in today’s crypto market.”

She argued that “Some of the riskiest activities are broadly exempted from the bill, leaving our constituents with no one to turn to when their money vanishes. The bill puts our national security at risk and contains no penalties for crypto criminals.”

CLARITY Act Momentum Continues

Notably, crypto industry players and US lawmakers pushed for the inclusion of the Blockchain Regulatory Certainty Act (BRCA) in the market structure legislation, seeking to offer a safe harbor for software developers and infrastructure providers.

As reported by Bitcoinist, eight crypto policy organizations urged US Congress leaders to include the BRCA, first introduced in 2023, in the CLARITY Act in a joint statement last week. The bill was reintroduced by Republican Representative Tom Emmer on May 21, 2025, with Democratic Representative Ritchie Torres as a co-sponsor.

On June 8, the amended version of the Clarity Act included clarity for non-custodial developers by adding the BRCA to the bill. In a joint statement on Monday, the crypto groups advocating for the inclusion stated:

This is a meaningful step toward protecting developers of non-custodial, peer-to-peer technologies while maintaining strong oversight of custodial financial institutions.

The updated bill reflects a careful balance–building on FinCEN’s 2019 guidance to clarify that when developers and infrastructure providers don’t control customer funds, they shouldn’t be regulated like money transmitters.

Despite concerns about the “Gensler-era” amendment, industry players like crypto exchange Coinbase affirmed that “Bipartisan momentum is building. Lawmakers from both sides agree: it’s time to protect consumers and unlock American innovation with clear crypto legislation. As Congress prepares for a key vote to advance the CLARITY Act, the message is clear: vote YES.”

At the time of writing, the legislation passed the House Committee on Agriculture markup with a 47-6 vote after a nearly 3-hour debate. Now, the bill awaits the House Financial Services Committee markup, Terret reported.

Bitcoin (BTC) trades at $108,959 in the one-week chart. Source: BTCUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Investors Pour $224M Into Crypto Funds, But Bitcoin's Outflows Raise Eyebrows
GameFi Guides

Investors Pour $224M Into Crypto Funds, But Bitcoin’s Outflows Raise Eyebrows

by admin


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Crypto asset investment products saw continued capital inflows last week, adding $224 million in net new money, according to the latest report from CoinShares. This marks the seventh consecutive week of positive flows, bringing the total to $11 billion during this period.

Despite the headline inflows, investor sentiment appeared more cautious than in previous weeks. CoinShares Head of Research James Butterfill noted that uncertainty around the US Federal Reserve’s next move on interest rates has introduced hesitation among crypto investors.

With no clear signal yet on whether the Fed will pivot or hold rates steady, some capital remains sidelined, waiting for stronger macroeconomic cues.

Ethereum Dominates Inflows While Bitcoin Sees Outflows

Ethereum emerged as the week’s top performer in terms of fund flows, attracting $296.4 million in new investments. That brings its seven-week inflow total to approximately $1.5 billion, representing around 10.5% of total assets under management (AUM) across Ethereum-linked investment products.

CoinShares described this as the most sustained period of inflows into Ethereum since the 2020 US election, suggesting a resurgence in investor confidence in the asset.

Crypto asset fund flows. | Source: CoinShares

In contrast, Bitcoin saw net outflows for the second week in a row, losing $56.5 million. The outflows were mirrored in short-Bitcoin products, which also recorded a second consecutive week of redemptions.

This aligns with the broader theme of caution in the market, particularly with Bitcoin facing difficulty holding above the $105,000 level in recent sessions. The outflows may reflect traders rotating out of Bitcoin in favor of Ethereum or simply reducing overall exposure due to macro concerns.

📈 Digital asset inflows slow amid policy uncertainty, Ethereum leads

Last week, digital asset investment products saw inflows totalling US$224M. @ethereum led with inflows of US$296.4M, while @Bitcoin saw outflows of US$56.5M. @SuiNetwork saw minor inflows of $1.1M, while $XRP… pic.twitter.com/6j2Aa2RuFl

— CoinShares (@CoinSharesCo) June 9, 2025

Regional Activity and Altcoin Performance

The United States led all regions in terms of net inflows, contributing $175 million to the total. Other notable contributors included Germany ($47.8 million), Switzerland ($15.7 million), Canada ($9.8 million), and Australia ($6.5 million).

Crypto asset fund flows by region. | Source: CoinShares

On the flip side, Brazil and Hong Kong registered outflows of $9.2 million and $14.6 million, respectively. The Hong Kong data is particularly notable, marking an end to the recent streak of record inflows driven by its newly launched spot crypto ETFs.

Activity in the altcoin segment remained relatively muted. Sui logged a modest $1.1 million in inflows, while XRP continued its downward trend with $6.6 million in outflows, its third consecutive week in the red.

While these movements are relatively small in dollar terms, they continue to reflect a general lack of conviction in altcoin markets during this consolidation phase.

The global digital currency market cap valuation. | Source: TradingView.com

Featured image created with DALL-E, Chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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Europe’s first Bitcoin Treasury firm plans to raise $340m to buy more BTC
NFT Gaming

Europe’s first Bitcoin Treasury firm plans to raise $340m to buy more BTC

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Adam Back-supported Bitcoin Treasury firm, Blockchain Group, wants to raise $340 million through ‘ATM-type’ shares as a way to raise capital with the intention of boosting its BTC holdings.

In a recent press release, the Paris-based company declared that it will be partnering with asset manager TOBAM to raise capital to boost its Bitcoin (BTC) Treasury. By allowing TOBAM to subscribe to ordinary shares issued by Blockchain Group, the firm hopes to raise a total revenue of $340 million which they will use to boost its BTC holdings.

“The Program allows TOBAM, on a daily basis, to subscribe to ordinary shares of the Company by submitting a subscription request after market close. Each request is subject to pricing and volume limits based on the market conditions,” wrote Blockchain Group.

At press time, BTC has gone up by nearly 2% and is currently trading at $107,126. In the past week, BTC has gone up nearly 2.5%. If Blockchain Group does manage to raise $340 million, then it stands a chance to add more than 3171.46 BTC to its Bitcoin Treasury. The Blockchain Group currently owns a total of 1,471 BTC ($157.5 million), including 624 BTC acquired in a recent purchase and 847 BTC held previously.

The program follows a structure called “At The Market” pricing, which is similar to the a model usually affiliated with U.S. companies. Instead of releasing all the shares into the market, Blockchain Group intends to sell shares directly at market prices, in tranches, and only under certain limits.

Price chart for Bitcoin in the past few hours, June 9, 2025 | Source: crypto.news

This means that TOBAM can subscribe to ordinary shares belonging to Blockchain Group on a daily basis, allowing them to submit a request after the market closes.

According to the press release, the company plans to sell the share price at a limit that’s either higher than the stock market closing price or at the volume weighted average price of the trading day before TOBAM’s request.

Based on the company’s shareholder general meeting results, the firm has agreed to issue a maximum nominal amount of €500 million ($570 million) in nominal value. Although, the increase will only take place if it is authorized by the Blockchain Group’s board.

Blockchain Group has adopted a Bitcoin accumulation strategy since November 2024, becoming the first European company to start a Bitcoin Treasury.

Since Bitcoin reached a new all-time high in May, many Bitcoin-focused corporations have been accelerating their Bitcoin acquisition strategy. Most recently, Metaplanet vowed to raise its Bitcoin Treasury to hold 210,000 BTC by 2027.



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Circle's $1.1b IPO, IOST's $21m raise
GameFi Guides

Circle’s $1.1b IPO, IOST’s $21m raise

by admin



Crypto venture funding roared back to life in the first week of June, with capital flowing into both blockbuster deals and early-stage bets.

The headline grabber was Circle’s long-awaited initial public offering (IPO), which brought in $1.1 billion and marked the company’s debut on the NYSE under the ticker CRCL.

Altogether, crypto projects attracted $1.17 billion from June 1–7, according to Cryptofundraising data. From major strategic rounds like IOST and Avantis to smaller seed raises for emerging players like 3Jane and Launcher Capital, the week highlighted a growing investor appetite across the Web3 stack.

Here’s a list of the different funding activity:

IOST

  • IOST (IOST) secured $21 million in a Strategic round
  • The investment was backed by DWF Labs, Presto, and Redman Management

Rails

  • Raised $14 million in an Unknown round
  • Investors include Kraken Ventures, Slow Ventures, and CMCC Global
  • Rails has raised $20.2 million so far

We’re proud to announce that Rails is now live! 🚀

Today marks the beginning of a new era of trading
🔐User-controlled on-chain custody
⚡ Centralized execution speed
✔️ Zero-knowledge transparency

Proud to be backed with $20M to date from @Slow @Kraken @Quantstamp @Round13… https://t.co/jJfJFDOGoc

— Rails (@rails_xyz) June 4, 2025

Avantis

  • Avantis gathered $8 million in a Series A round
  • The investment was backed by Pantera, Founders Fund, and Salt Fund
  • The project has raised $12 million so far

We’re excited to announce our $8M Series A, co-led by @PanteraCapital, @foundersfund.

This raise accelerates our vision to build DeFi’s universal leverage layer — for everything.

Gold, FX, Oil, Equities, Crypto, Sports and more: 24/7, fully onchain, and accessible to anyone. pic.twitter.com/tUievq7k8h

— Avantis (@avantisfi) June 3, 2025

Projects < $6 million





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Crypto Trends

Metaplanet Aims to Raise $5.3 Billion to Buy More Bitcoin

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In brief

  • Japanese Bitcoin treasury Metaplanet said it will raise $5.3 billion to buy more of the asset.
  • The Tokyo Stock Exchange-listed firm already holds 8,888 BTC worth $934 million.
  • Metaplanet already holds 8,888 Bitcoin.

Japanese Bitcoin treasury Metaplanet has introduced a plan to add to its already significant holdings of the asset, part of a recent surge of companies that are increasing their totals. 

The Tokyo Stock Exchange-listed company said it was looking to raise $5.3 billion by issuing 555 million shares through stock acquisition rights. 

In a post on the social media platform X, the company’s CEO Simon Gerovich said that the pricing of stock acquuistion rights issuance “ABOVE market”…was “a notable departure from the typical 8 to 10 percent discount” of similar financings.”

“Bitcoin sets a new benchmark for capital formation,” he wrote, adding that “Bitcoin sets a new benchmark for capital formation.”

Metaplanet has executed Japan’s FIRST EVER stock acquisition rights issuance priced ABOVE market, a notable departure from the typical 8 to 10 percent discount seen in similar financings.

The structure is both shareholder friendly and unprecedented in scale.

Our last two deals… pic.twitter.com/IgIaE1NpyM

— Simon Gerovich (@gerovich) June 6, 2025

Metaplanet—which has been dubbed “Asia’s MicroStrategy”—started buying Bitcoin last year and now holds 8,888 BTC worth nearly $934 million at today’s prices. Last year, it pivoted from its core hotel and technology business to become a Bitcoin treasury. It is aiming to acquire 210,000 Bitcoin, about 1% of the overall supply, by 2027 as part of a master plan. 

Metaplanet ranks among the best-known “Bitcoin treasuries”—a firm that buys and holds BTC and allows shareholders to get exposure to the asset without the risks involved in holding it directly. 



The company has followed a path popularized by Nasdaq-listed Strategy (formerly MicroStrategy), which started buying Bitcoin in 2020. Strategy now almost exclusively works to buy BTC and investors buy its stock as a proxy to the leading cryptocurrency. 

It’s the largest corporate holder of Bitcoin, with 580,250 virtual coins—or nearly $61 billion worth of the asset. 

Bitcoin was recently trading for a little over $105,000 per coin, up 1.1% over the past 24 hours. It started rallying after a two-week slump in which it has dropped 4%. 

Metaplanet stock was recently trading up by 24% on Friday, according to Yahoo Finance data.The company’s share price has risen more than 600% over the past year.

Edited by James Rubin

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