TL;DR
- Nakamoto will acquire BTC Inc and UTXO Management in an all-stock exchange valued at over $107M at $1.12 per share.
- The deal brings Bitcoin Magazine, The Bitcoin Conference, and the 210k Capital fund under a single public company focused on Bitcoin media, events, and asset management.
- The company holds 5,398 BTC on its balance sheet and plans to fund additional purchases.
Nakamoto signed definitive agreements to acquire BTC Inc and UTXO Management through a transaction financed entirely with shares. The deal sets a price of $1.12 per share and will deliver 363,589,816 common shares to the shareholders of both companies. The total value exceeds $107 million, calculated using the February 13, 2026 closing price of $0.2951.
The company already held a call option to acquire BTC Inc, while BTC Inc held another to acquire UTXO. Both options were exercised simultaneously within the same agreement. After the announcement, Nakamoto shares traded near $0.30.
BTC Inc controls Bitcoin Magazine and organizes The Bitcoin Conference. UTXO Management advises the 210k Capital fund focused on Bitcoin-related securities. The integration combines media, events, asset management, and advisory services under a single public entity.
Nakamoto Will Continue Buying More Bitcoin
Chief executive David Bailey stated the structure will allow the operation of a portfolio of Bitcoin-related companies and generate recurring revenue to finance new acquisitions and continue accumulating Bitcoin. The company holds 5,398 BTC on its balance sheet.
Several Bitcoin treasury companies emerged during Donald Trump’s second presidential term. Bailey said he expects a round of consolidation among these firms in the coming months and affirmed the company does not plan to sell its BTC except under extreme scenarios.
An Ecosystem Beyond Digital Treasuries
Nakamoto aims to expand its activity beyond the capital-markets niche popularized by Michael Saylor. Other participants in the sector include Twenty One Capital backed by Tether and Jack Mallers.
Nakamoto trades on Nasdaq with an approximate $194 million market capitalization. Before its strategic pivot, the firm operated under the name KindlyMD in the healthcare sector. The new structure integrates the acquired businesses into a single entity focused exclusively on the Bitcoin ecosystem.
