Ex-Ripple Exec Turns Company into Bitcoin Bozo – Expect More Magic!

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Ex-Ripple exec’s company goes all-in on Bitcoin — because who needs stability, right? 🚀

While Michael Saylor’s Bitcoin playbook is *the* talk of Wall Street, another U.S.-listed company, Know Labs, has decided to jump on the bandwagon. Because if everyone’s doing it, it must be the *thing* to do — or so they say in the high-stakes world of financial roulette. 🎲

Enter Greg Kidd, the former Ripple risk officer with a knack for turning non-invasive health monitoring into a potential Bitcoin ATM. He’s set to acquire Know Labs Inc., a company dedicated to medical devices that monitor your health without stabbing you with needles. Yes, apparently you can now keep tabs on your vitals and your cryptocurrency portfolio all at once. 🩺💰

Know Labs announced on June 6 (because what’s more thrilling than a random June date?) that Goldeneye 1995 LLC, owned by Greg Kidd, has agreed to buy a majority stake. Once all the signatures are dried, Kidd will become the CEO and Chairman — because what’s the point of acquiring companies if you don’t get a shiny new title? 🤴

The acquisition, which will be paid for with a delightful mix of Bitcoin and cash, involves a princely 1,000 BTC — roughly enough to make your average gamer’s wallet cry into its controller. Investors will thus enjoy “significant economic exposure” to what some might call digital gold, others call a ticking time bomb. 🎯

Greg Kidd isn’t just dabbling; he’s diving headfirst into crypto waters. He’s backed Ripple, Coinbase, Robinhood, Uphold, and Solana, proving he’s not afraid of putting his money where his mouth — and his past Fed ties — are. His latest endeavor suggests he’s channeling Michael Saylor’s famous (or infamous) BTC hoarding antics. Because if you’re going to make it big, why not do it in a year when everything seems to be going awry? 🤔

“I’m thrilled to deploy a Bitcoin treasury strategy with the support of a forward-looking organization like Know Labs at a time when market and regulatory conditions are particularly favorable,” Kidd said. Yes, because what could possibly go wrong? 🙃

Once the deal is done, Know Labs will hold enough Bitcoin to make up 82% of its $128 million market cap — which, with BTC at $105,000? Well, let’s just say it’ll be a *very* interesting number. The company hopes to rubber-stamp this in Q3 2025, assuming shareholders are feeling generous and the universe doesn’t have other plans. 📅

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2025-06-06 18:36