Nakamoto Completes Acquisition of BTC Inc and UTXO for $81.63 Million

Transaction Overview

Nakamoto, a Bitcoin treasury company, recently announced the completion of its acquisition of BTC Inc, a Bitcoin media and event provider, and UTXO Management, an investment firm. The transaction was conducted solely through Nakamoto's common shares and options. Shareholders of BTC Inc and UTXO will receive a total of 364,795,104 Nakamoto common shares, valued at $81.63 million based on current market prices.

Company Background

BTC Inc is the organizer of The Bitcoin Conference and the parent company of Bitcoin Magazine. This acquisition marks a significant expansion for Nakamoto within the Bitcoin ecosystem, with both entities continuing to operate as wholly-owned subsidiaries.