Bitcoin-focused public company Nakamoto Inc., led by chairman and CEO David Bailey, has signed definitive agreements to acquire BTC Inc. and UTXO Management GP, LLC in an all-stock transaction valued at approximately $107.3 million.
Summary
- Nakamoto Inc., led by David Bailey, will acquire BTC Inc. and UTXO Management GP, LLC in a $107.3 million all-stock deal.
- The transaction consolidates Bitcoin media, events, and asset management businesses under one publicly listed entity.
- Nakamoto aims to build a vertically integrated Bitcoin platform spanning publishing, conferences, advisory, and investment strategy.
The deal brings together companies closely tied to Bailey, who co-founded BTC Inc. and later helped launch UTXO Management, under a single publicly listed Bitcoin-focused entity.
Under the terms of the deal, Nakamoto will issue common shares to the sellers at a pre-negotiated price of $1.12 per share. The transaction is expected to close in the first quarter of 2026, subject to customary conditions.
The acquisition brings together media, events, and asset management businesses under a single public holding company. BTC Inc. is best known for publishing Bitcoin Magazine and organizing The Bitcoin Conference, one of the largest Bitcoin-focused gatherings globally. UTXO Management advises Bitcoin-centric investment vehicles and focuses on capital allocation across public and private markets.
Nakamoto said the combination is designed to create a vertically integrated Bitcoin platform with diversified revenue streams.
David Bailey’s expanding Bitcoin platform
The deal further consolidates businesses tied to David Bailey, Nakamoto’s chairman and CEO. Bailey co-founded BTC Inc. in 2013 and later helped launch UTXO Management.
“Bringing BTC Inc and UTXO into Nakamoto has been a part of our vision since day one,” said David Bailey. “We intend to operate a portfolio of companies across media, asset management, and advisory services that can scale with Bitcoin’s long-term growth.
Over the past decade, he has been an active voice in the Bitcoin (BTC) industry and has served on the board of the Bitcoin Policy Institute.
Nakamoto has positioned itself as a Bitcoin-native public vehicle focused on media, advisory services, and treasury strategy. The company’s leadership has signaled interest in further expansion as institutional adoption of Bitcoin grows.
If completed, the transaction would mark a notable consolidation in the Bitcoin sector, combining publishing, large-scale events, and capital management operations within a single listed entity.