KindlyMD Inc., the healthcare firm operating a Bitcoin treasury through its subsidiary Nakamoto Holdings, said Wednesday its board has authorized a share repurchase program, giving management discretion to buy back stock as shares trade below the value of the company’s bitcoin holdings.

The Nasdaq-listed company said it may repurchase shares through open-market purchases, privately negotiated transactions, block trades, or other legally permissible methods.

Buybacks may also be executed under Rule 10b5-1 trading plans and will comply with Rule 10b-18 of the Securities Exchange Act.

“This share repurchase program reflects our confidence in the long-term value of the…

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