Nakamoto completes acquisition of BTC inc and UTXO management

Nakamoto Inc. (NASDAQ: NAKA) has finalized the acquisition of BTC Inc. and UTXO Management GP, LLC. This transaction follows the merger agreements from early February.

The deal was executed solely through the issuance of Nakamoto shares. Former owners of BTC Inc. and UTXO received 364,795,104 Nakamoto shares, valued at $81.6 million at the February 19, 2026, price of $0.248 per share. In an 8-K filing yesterday, Nakamoto disclosed that the two companies generated a combined revenue of $80.5 million, an EBITDA of $34.2 million, and a net profit of $40.1 million for the 12 months ending September 30, 2025. These are solid figures for Bitcoin-focused companies.

BTC Inc. has been publishing Bitcoin Magazine for years.

The media company also organizes The Bitcoin Conference, which attracted over 67,000 participants in 2025 across the United States, Asia, Europe, and the Middle East. These events are highly profitable. BTC Inc. also manages Bitcoin for Corporations, a membership platform for companies holding Bitcoin in their treasury. Many large firms are doing this now, and there is demand for such a service.

UTXO Management is different. The team advises a hedge fund focused on Bitcoin and related investments in the ecosystem. They manage capital in both public and private Bitcoin markets. Essentially, they know how to trade and invest in this sector. The integration expands Nakamoto’s investment and advisory capabilities, as it seeks to diversify beyond its current operations.

David Bailey, CEO of Nakamoto Inc., stated this week, “The acquisition aligns with our plan to manage a portfolio of companies in media, asset management, and advisory services. BTC Inc. and UTXO bring recurring revenues and institutional capabilities that support our growth strategy.”

Brandon Green, CEO of BTC Inc., added, “Joining Nakamoto allows us to expand our media and event platforms and broaden our audience among Bitcoin businesses and investors.” Green seems confident about the potential synergies. Tyler Evans, Chief Investment Officer at Nakamoto and UTXO, believes this combination represents an opportunity to strengthen Bitcoin’s role in modern financial markets and develop new investment strategies. This follows earlier reporting on Ripple Teams Up with Deutsche Bank.

With this acquisition, Nakamoto now manages a diversified portfolio of Bitcoin-focused companies: media, events, asset management, and advisory services. The company plans to use the combined platform for future strategic initiatives, including further Bitcoin accumulation and potential acquisitions. They clearly aim to grow even more.

The deal was structured under Nakamoto’s purchase option as part of its marketing services agreement, previously approved by shareholders. This move allowed Nakamoto to consolidate its position in the Bitcoin market. On February 20, 2026, the board expressed satisfaction with the successful completion of this transaction. Everyone seems pleased with the deal.

In a recent statement, David Bailey emphasized that this acquisition gives Nakamoto access to key resources and talent in the Bitcoin sector. He highlighted the importance of integrating existing teams to maximize synergies. The goal is to strengthen Nakamoto’s presence in the increasingly institutional Bitcoin ecosystem.

The market reacted positively to the news.

Nakamoto’s stock price saw a slight increase following the announcement. Industry analysts believe this operation could boost Nakamoto’s growth by diversifying its revenues and increasing its market share. However, it remains to be seen if the integration goes smoothly in the coming months. See also: Bitcoin Plummets 23%, Losing 4 Billion.

On February 19, 2026, a regulatory document confirmed that BTC Inc. and UTXO shareholders unanimously approved the deal. This unanimous approval underscores stakeholders’ confidence in the potential of this strategic integration. No dissenters, which is rare.

On February 20, 2026, Nakamoto Inc. also announced the appointment of Tyler Evans as Chief Investment Officer to integrate the newly acquired entities. This decision aims to reinforce the group’s strategic coherence and optimize the integration of BTC Inc. and UTXO Management’s operations. Evans emphasized the importance of this step in consolidating Nakamoto’s position in the Bitcoin ecosystem. He is already familiar with UTXO, so it makes sense for him to oversee the integration.

On the same day, Brandon Green stated that BTC Inc. plans to increase the number of Bitcoin-related events in 2026. With Nakamoto’s support, these initiatives aim to attract even more participants and strengthen the global Bitcoin community’s engagement. Green expressed his enthusiasm for expanding BTC Inc.’s platforms with the expanded resources. More events mean more potential revenue.

Nakamoto’s board has approved a phased implementation plan to integrate the operations of the two companies by the end of 2026. This plan, announced on February 20, includes key steps to ensure a smooth transition and minimize operational disruptions. Nakamoto’s leaders are confident in the success of this integration. It remains to be seen if everything goes as planned in practice.