Bitcoin-focused public company Nakamoto Inc. has signed definitive agreements to acquire BTC Inc. and UTXO Management GP, LLC in an all-stock transaction valued at approximately $107.3 million.
The deal consolidates several major Bitcoin-related businesses under one publicly listed entity.
Deal structure
- The transaction is valued at $107.3 million
- Nakamoto will issue common shares at a pre-negotiated price of $1.12 per share
- Expected closing: Q1 2026, subject to customary conditions
What the acquisition brings together
BTC Inc.
BTC Inc. is best known for:
- Publishing Bitcoin Magazine
- Organizing The Bitcoin Conference, one of the largest Bitcoin-focused global events
UTXO Management
UTXO Management advises Bitcoin-centric investment vehicles and focuses on capital allocation across public and private markets.
Together, the businesses span:
- Media and publishing
- Large-scale industry events
- Advisory services
- Bitcoin-focused asset management
David Bailey’s expanding role
The combined entity is led by David Bailey, chairman and CEO of Nakamoto Inc.
Bailey co-founded BTC Inc. in 2013 and later helped launch UTXO Management. He also serves on the board of the Bitcoin Policy Institute.
He said the integration of BTC Inc. and UTXO into Nakamoto has been part of the company’s long-term vision — building a vertically integrated Bitcoin platform that can scale alongside broader institutional adoption of Bitcoin.
Strategic significance
If completed, the transaction would mark a notable consolidation within the Bitcoin ecosystem, combining publishing, conferences, advisory services, and capital management under a single publicly listed structure.
The move reflects a broader trend of maturing infrastructure in the digital asset sector, as companies position themselves to serve growing institutional interest in Bitcoin-focused products and strategies.
