Another microstrategy company may be facing delisting.

This summer, the Bitcoin microstrategy company Kindly MD (NASDAQ code: NAKA), which has raised a total of 763 million USD, has been notified by NASDAQ that it faces delisting risk due to its stock price being below 1 USD for 30 consecutive trading days.

The company has accumulated 5,398 Bitcoins, making it the 19th largest Bitcoin public treasury company in the world.

However, as the microstrategy sector in the U.S. cools down, more companies whose main business is accumulating cryptocurrencies are gradually facing the risk of delisting due to sluggish stock prices.

There have even been cases where microstrategy companies, in order to save their listed shell, were forced to sell coins.