Greg Kidd to Acquire Controlling Stake in Know Labs and Debut Bitcoin Treasury Technique
Greg Kidd will become CEO and Chairman of Know Labs after acquiring a controlling stake using Bitcoin and cash. Know Labs will embrace a Bitcoin treasury strategy, with Bitcoin making up 82% of its market capitalization. Founder Ron Erickson will lead a new department focused on non-invasive diagnostic research following the management transition. Know Labs, a U.S.-based health technology firm listed on the NYSE American exchange, is set to undergo a significant management and strategic improvement. The Bitcoin element of the acquisition will become the core of Know Labs’ treasury reserve. The company will adopt a BTC treasury strategy following the acquisition. Based on a $105,000 price per Bitcoin and a $128 million market capitalization, Bitcoin holdings would account for 82% of total evaluation.
Greg Kidd will become CEO and Chairman of Know Labs after acquiring a controlling stake using Bitcoin and cash. Know Labs will embrace a Bitcoin treasury strategy, with Bitcoin making up 82% of its market capitalization. Founder Ron Erickson will lead a new department focused on non-invasive diagnostic research following the management transition. Know Labs, a U.S.-based health technology firm listed on the NYSE American exchange, is set to undergo a significant management and strategic improvement. The Bitcoin element of the acquisition will become the core of Know Labs’ treasury reserve. The company will adopt a BTC treasury strategy following the acquisition. Based on a $105,000 price per Bitcoin and a $128 million market capitalization, Bitcoin holdings would account for 82% of total evaluation.
Greg Kidd will become CEO and Chairman of Know Labs after acquiring a controlling stake using Bitcoin and cash. Know Labs will embrace a Bitcoin treasury strategy, with Bitcoin making up 82% of its market capitalization. Founder Ron Erickson will lead a new department focused on non-invasive diagnostic research following the management transition. Know Labs, a U.S.-based health technology firm listed on the NYSE American exchange, is set to undergo a significant management and strategic improvement. The company has reached an agreement with Goldeneye 1995 LLC, an affiliate of fintech investor Greg Kidd, to acquire a controlling interest. Following the transaction’s close, Kidd will assume the roles of CEO and Chairman of the Board. The transaction includes the Buyer acquiring common stock by dividing the amount of 1,000 Bitcoin and additional cash by the share price of $0.335. The cash will be used to retire existing debt, redeem outstanding preferred equity, and provide new operating capital. The Bitcoin part of the acquisition will become the core of Know Labs’ treasury reserve. The company will adopt a BTC treasury strategy following the acquisition. As part of this shift, Know Labs will use a net asset value multiple (mNAV) to measure the company’s valuation relative to its Bitcoin holdings. Based on a $105,000 price per Bitcoin and a $128 million market capitalization, Bitcoin holdings would account for 82% of total evaluation. The implied entry multiple equates to 1.22 x net asset value.
Leadership Shift and Ongoing Research Department: Ron Erickson, the current founder and CEO, will transition into the role of President of a newly formed department. He will also serve as Vice Chairman of the Board. The department will retain a dedicated research team to continue work on non-invasive diagnostic technology. Know Labs previously focused on health monitoring systems using proprietary sensor platforms. The Board of Directors unanimously approved the transaction. Investor approval and regulatory conditions must be met before the agreement can close, which is expected in the third quarter of 2025.
Strategic Reasoning and Advisory Roles: Greg Kidd, who previously served as Chief Risk Officer at Ripple, will bring his team and existing digital asset strategy into the public markets through Know Labs. According to the agreement, the Bitcoin treasury structure will support a shift in the company’s capital allocation strategy. The transaction marks Kidd’s latest move in the blockchain and fintech sectors. His team will contribute their current Bitcoin yield generation strategies under the Know Labs corporate umbrella. The Buyer received legal counsel from Lowenstein Sandler LLP, while Cohen & Company Capital Markets served as financial advisor. Know Labs retained Sichenzia Ross Ference Carmel LLP as legal advisor throughout the negotiation process.
Greg Kidd will become CEO and Chairman of Know Labs after acquiring a controlling stake using Bitcoin and cash. Know Labs will embrace a Bitcoin treasury strategy, with Bitcoin making up 82% of its market capitalization. As part of this shift, Know Labs will utilize a net asset value multiple (mNAV) to determine the company’s valuation relative to its Bitcoin holdings. Based on a $105,000 price per Bitcoin and a $128 million market capitalization, Bitcoin holdings would account for 82% of total evaluation.
