Know Labs Plunges 20.51% Amid Bitcoin Strategy Concerns

On June 9, 2025, Know Labs experienced a significant drop of 20.51% in pre-market trading, sparking concerns among investors about the company's recent strategic moves.

Greg Kidd, a prominent figure in the tech industry, announced his intention to acquire a controlling interest in Know Labs. This move is part of a broader strategy to introduce a Bitcoin treasury strategy, which aims to leverage the volatility and potential growth of cryptocurrencies. The acquisition deal has been met with mixed reactions from the market, with some investors viewing it as a bold and innovative move, while others remain skeptical about the risks involved.

Know Labs' stock has seen a dramatic surge of over 200% following the announcement of the acquisition deal and the introduction of the Bitcoin strategy. This significant increase in stock price reflects the market's optimism about the potential benefits of integrating cryptocurrencies into the company's financial strategy. However, the recent pre-market drop suggests that some investors may be reassessing the risks and uncertainties associated with this new direction.