Know Labs

Know Labs

2026-07-04 06:00:14

Know Labs, Inc. Announces Adopting a Bitcoin Treasury Strategy, Starting with 1,000 Bitcoin

Know Labs, Inc. announced an agreement with Goldeneye 1995 LLC and Ripple Chief Risk Officer Greg Kidd to acquire a controlling interest in the company. After closing, Kidd will become CEO and Chairman. The deal includes shares purchased using the value of 1,000 Bitcoin plus cash, priced at $0.335 per share, with Bitcoin becoming the core of the company’s treasury strategy. Based on a $128 million market cap and a Bitcoin price of $105,000, the estimated entry mNAV is 1.22x, with Bitcoin representing about 82% of total market capitalization at closing. The article also notes that 225 companies and other entities now hold Bitcoin on their balance sheets, and references NBX as Norway’s first publicly listed company to adopt Bitcoin in its treasury strategy.

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Know Labs

2026-07-03 00:00:14

Know Labs Adopts Bitcoin Treasury Strategy with 1,000 BTC Purchase and Management Overhaul

Know Labs, Inc. (NYSE American: KNW) has entered into an agreement with Goldeneye 1995 LLC and Ripple CRO Greg Kidd to acquire a controlling stake in the company. The deal involves 1,000 Bitcoin and cash to pay down debt, redeem preferred equity, and fund working capital. After closing, Kidd becomes CEO and Chairman, while founder Ron Erickson becomes Vice Chairman. Bitcoin will serve as the primary treasury asset, and management will use the mNAV metric (estimated at 1.22x based on a $128M market cap and $105K BTC price). Globally, 225 companies now hold Bitcoin on their balance sheets, with Norwegian Block Exchange (NBX) becoming Norway's first publicly listed firm to adopt a Bitcoin treasury strategy.

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Know Labs

2026-07-02 23:45:14

Know Labs Adopts Bitcoin Treasury Strategy: Acquiring 1,000 BTC, Greg Kidd to Become CEO

Know Labs, Inc. (NYSE American: KNW) announced an agreement with Goldeneye 1995 LLC and Ripple's Chief Risk Officer Greg Kidd to acquire a controlling interest in the company. Under the deal, the buyer will acquire shares using a combination of 1,000 Bitcoin and cash, with Bitcoin serving as the core treasury reserve asset. Greg Kidd will become CEO and Chairman, while founder Ron Erickson will move to Vice Chairman. The company will adopt the multiple of net asset value (mNAV) metric to assess premium, with an estimated entry mNAV of 1.22x and Bitcoin representing ~82% of market cap at closing. This move reflects a growing global trend of companies allocating Bitcoin to their balance sheets, with 225 entities now holding BTC. Separately, Norwegian Block Exchange (NBX) also added Bitcoin to its balance sheet, becoming Norway's first publicly listed company to do so.

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