Swan Desk CEO Jacob King revealed that Nasdaq-listed KindlyMD (NAKA) has sold 367 BTC. This sale highlights the increasing pressure on companies that invested in Bitcoin during the bull market. King stated that companies like KindlyMD are facing significant losses, forcing them to liquidate their BTC holdings. This situation suggests a potentially severe bear market, impacting even publicly traded firms. The sale reflects a broader trend of companies reevaluating their crypto strategies amidst volatile market conditions. This move might trigger further sales from other companies holding Bitcoin, potentially exacerbating the downward pressure on prices. Investors are closely watching these developments to assess the overall health and stability of the cryptocurrency market. ```