Crypto Ninja’s Crazy Deal: 1000 BTC and Millions! 🤪💰

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Once upon a time, in a land where gadgets beep and buzz, a health-tech company named Know Labs decided to go utterly bonkers! They shook hands with a mysterious fellow called Greg Kidd—who used to be a risk-taker at Ripple—and voilà! They snatched up a hefty bag of 1,000 shiny Bitcoin coins AND a cool $12 to $15 million in cold, hard cash. Yes, you heard right, a bunch of digital magic and dollar bills that vanish when you blink. 💸✨

The deal’s set to seal in the third quarter of 2025—assuming shareholders quit staring at their screens long enough to say yes. The money will be used for debts, stock-raising, and to keep the company’s engine chugging along. Oh, and they’re selling shares at a sneaky discount—less than the current price—like a super-secret garage sale for stocks!

Greg Kidd, that fancy fintech mastermind, will swoop in as the new boss, waving his magic wand over the company. Once the deal’s done, he’ll be the big cheese, the head honcho, the boss with the most. Kidd’s got a glittering background—Ripple, Twitter, Square, Coinbase—and now he’s bringing in his Bitcoin treasury strategy, turning the company into a crypto mountain of treasure! 🏔️🪙

“I’m thrilled,” said Kidd, probably doing cartwheels, “to deploy a Bitcoin treasure chest at a time when everyone’s eyes are popping out of their heads and regulations are more fun than a barrel of monkeys.” The Bitcoin stash will be the shiny star on the company’s financial scarecrow, making up a whopping 82% of their market cap, valued at about $128 million if Bitcoin hit $105,000 per coin. Wowza!

Meanwhile, the founder Ron Erickson will step into a new role, probably still dreaming of revolutionary gadgets, as Vice Chairman and President of some fancy research division. His paycheck? Slightly smaller, but he’ll survive. Peter Conley? Well, he’ll paddle away quietly once the deal’s wrapped up—a bit like a magician packing up his hat and rabbits.

The bigwigs on the board all agreed—thumbs up all around! About 37% of the shareholders have already said yes—probably because they like their Bitcoin toasted just right. And some fancy advisors and lawyers are making sure everything is on the up-and-up. Spooky, but safe!

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2025-06-06 18:31