Nakamoto to acquire BTC Inc, operator of Bitcoin Magazine, and UTXO Management

JH Kim

Summary

Nakamoto announced it will acquire BTC Inc and UTXO Management.
The acquisition will proceed as an all-stock exchange at $1.12 per share, with a total value of $107 million.
CEO David Bailey said the company plans to expand its business in line with Bitcoin's long-term growth through a portfolio spanning media, asset management and advisory services.

Nakamoto, a Bitcoin (BTC) investment firm, announced it will acquire BTC Inc, which operates Bitcoin Magazine and the Bitcoin Conference, as well as UTXO Management.

According to The Block, a digital-asset-focused media outlet, the deal will be conducted as an all-stock exchange at a fixed price of $1.12 per share, with the total transaction value estimated at about $107 million.

BTC Inc, the acquisition target, runs the Bitcoin-focused media outlet Bitcoin Magazine and the global event Bitcoin Conference, while UTXO Management provides Bitcoin-centric asset management services.

David Bailey, chairman and chief executive officer (CEO) of Nakamoto, said, "We plan to expand our business in step with Bitcoin's long-term growth through a diversified portfolio including media, asset management and advisory services."