Nakamoto Inc. Finalizes $81.6 Million Acquisition of BTC Inc. and UTXO Management

Nakamoto Inc. (NASDAQ: NAKA) has finalized its purchase of BTC Inc. and UTXO Management GP, LLC through an all-stock transaction valued at approximately $81.6 million, the company announced this week.^[1]

The deal involved issuing nearly 365 million shares of Nakamoto common stock to securityholders of both acquired entities, based on a share price of $0.248 as of February 19, 2026.^[1] According to regulatory filings, the two businesses generated combined revenues of $80.5 million and net income of $40.1 million during the twelve months ended September 30, 2025.^[1]

BTC Inc., publisher of Bitcoin Magazine and organizer of The Bitcoin Conference series, brought over 67,000 attendees to its global events in 2025.^[1] The company also manages Bitcoin for Corporations, a membership service for firms holding bitcoin in corporate treasuries.^[1]

UTXO Management operates as an investment adviser to a bitcoin-focused hedge fund, deploying capital across public and private markets within the cryptocurrency ecosystem.^[1]

Nakamoto Chairman and CEO David Bailey stated the acquisitions support the company's strategy of building a portfolio across media, asset management, and advisory services.^[1] The combined entity now positions Nakamoto as a diversified operator of bitcoin-native businesses with plans for further strategic expansion.^[1]