PANews reported on June 6 that according to Businesswire, Know Labs, a listed company focusing on non-invasive health monitoring technology, announced that it has reached a controlling acquisition agreement with Goldeneye 1995 LLC owned by financial technology investor Greg Kidd. Kidd was previously the chief risk officer of Ripple and will serve as the company's CEO and chairman of the board after the transaction is completed.

According to the agreement, the acquirer will complete the transaction at a price of $0.335 per share through a combination of 1,000 bitcoins (calculated at the current market price) and cash, with the cash portion used to repay debts and supplement working capital. Bitcoin will be included in the company's balance sheet, accounting for 82% of the current market value, with an implied valuation of 1.22 times. Greg Kidd plans to introduce Bitcoin's income strategy to the public market. Company founder Ron Erickson will transfer to the new department as president and continue to lead technology research and development. The transaction has been approved unanimously by the board of directors and is expected to be completed in the third quarter of 2025.