Ripple's former executive Greg Kidd's company reached a controlling acquisition agreement with Know Labs and launched a BTC financial strategy for it

Odaily Planet Daily News 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 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, and the cash will be 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 income strategies to the public market. The transaction has been approved unanimously by the board of directors and is expected to be completed in the third quarter of 2025. (Businesswire)