financetom
Business
financetom
/
Business
/
Know Labs (KNW) Stock Jumps Again Monday On Bitcoin-Backed Acquisition Momentum
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Know Labs (KNW) Stock Jumps Again Monday On Bitcoin-Backed Acquisition Momentum
Jun 9, 2025 9:00 AM

Shares of Know Labs Inc ( KNW ) surged again Monday, climbing 104.2% to $3.19 in early trading, extending Friday's rally. The momentum follows news that Goldeneye 1995 LLC, led by former Ripple Chief Risk Officer Greg Kidd, will acquire a controlling stake in Know Labs ( KNW ).

What To Know: On Friday, KNW soared over 200% after announcing the deal. The acquisition will be financed using 1,000 Bitcoin (CRYPTO: BTC) and cash, valuing the stock at $0.335 per share.

Despite that valuation, investor enthusiasm has pushed the stock well above that level, likely reflecting optimism over the company's new Bitcoin-focused strategy.

Read Also: GameStop Stock Volatile Ahead Of Earnings, Boosted By Bitcoin Bet And Switch 2 Hype

Kidd will become CEO and chairman under the agreement, expected to close in third-quarter 2025. The new leadership plans to hold Bitcoin as a treasury asset, with BTC anticipated to comprise 82% of the company's market cap if priced at $105,000. Kidd called the strategy a "forward-looking move to drive sustainable growth."

Founder Ron Erickson will remain with the company, leading a new division for non-invasive diagnostics and serving as vice chairman. The board unanimously approved the deal.

With Monday’s volume spiking to over 90 million shares, far above its 100-day average, the stock remains a speculative but highly active play.

How To Buy KNW Stock

By now you're likely curious about how to participate in the market for Know Labs ( KNW ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, KNW has a 52-week high of $4.20 and a 52-week low of $0.33.

Image: Shutterstock

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Looking At AstraZeneca's Recent Unusual Options Activity
Looking At AstraZeneca's Recent Unusual Options Activity
Apr 19, 2024
Financial giants have made a conspicuous bearish move on AstraZeneca ( AZN ). Our analysis of options history for AstraZeneca ( AZN ) revealed 12 unusual trades. Delving into the details, we found 16% of traders were bullish, while 83% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $90,336, and 9...
Can Blizzard Keep Its Autonomy Post-Microsoft Acquisition? 'No One Asking Us To Do Anything,' Says World Of Warcraft Exec
Can Blizzard Keep Its Autonomy Post-Microsoft Acquisition? 'No One Asking Us To Do Anything,' Says World Of Warcraft Exec
Apr 19, 2024
Six months after Microsoft Corp. ( MSFT )‘s acquisition of Activision Blizzard, Holly Longdale, executive producer and vice president at World of Warcraft, provided insights into the post-acquisition environment. In an interview with Video Games Chronicle, Longdale revealed Microsoft ( MSFT ) has largely allowed Blizzard to maintain its autonomy: “There's no one asking us to do anything.” See Also:...
BRIEF-Junee Announces Closing Of $8 Million Initial Public Offering
BRIEF-Junee Announces Closing Of $8 Million Initial Public Offering
Apr 19, 2024
April 19 (Reuters) - Junee Ltd ( JUNE ): * JUNEE LIMITED ANNOUNCES CLOSING OF $8 MILLION INITIAL PUBLIC OFFERING Source text for Eikon: Further company coverage: ...
Salesforce Insider Sold Shares Worth $4,088,897, According to a Recent SEC Filing
Salesforce Insider Sold Shares Worth $4,088,897, According to a Recent SEC Filing
Apr 19, 2024
04:41 PM EDT, 04/19/2024 (MT Newswires) -- Marc Benioff, Director, Chair and CEO, on April 18, 2024, sold 15,000 shares in Salesforce ( CRM ) for $4,088,897. Following the Form 4 filing with the SEC, Benioff has control over a total of 22,842,327 shares of the company, with 12,842,327 shares held directly and 10,000,000 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1108524/000112760224013212/xslF345X03/form4.xml ...
Copyright 2023-2025 - www.financetom.com All Rights Reserved