Nakamoto acquires BTC Inc to expand Bitcoin media and investment arm

Nakamoto (Nasdaq: NAKA), the Bitcoin treasury firm founded by David Bailey, has agreed to acquire BTC Inc. — owner of Bitcoin Magazine and The Bitcoin Conference — along with UTXO Management.

The all-stock deal is priced at $1.12 per share and values the transaction at over $107 million. The acquisition adds recurring revenue and expands Nakamoto into media, asset management, and advisory services beyond its core treasury strategy.

NAKA shares traded roughly flat around $0.30 after the announcement. Bailey said the company does not plan to sell its Bitcoin holdings and expects consolidation among digital asset treasury firms in the coming months.