Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Bitcoin treasury company Nakamoto to acquire
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Bitcoin treasury company Nakamoto to acquire
Bitcoin treasury company Nakamoto to acquire BTC Inc and UTXO in $107 million all-stock deal
Bitcoin treasury company Nakamoto to acquire BTC Inc and UTXO in $107 million all-stock deal
Some reacted with concerns about dilution for existing shareholders due to the stock price decline and the related-party nature of the transaction.
By Francisco Rodrigues, AI Boost|Edited by Stephen Alpher
Feb 17, 2026, 4:02 p.m.
Make us preferred on Google
(Radission US/Unsplash/Modified by CoinDesk)
What to know:
- Nakamoto (NAKA) has agreed to acquire BTC Inc and UTXO Management in an all-stock deal valued $107.3 million.
- Some expressed concerns about dilution for existing shareholders due to the stock price decline and the transaction's related-party nature.
- The merger marks the initial step in Nakamoto’s plan to establish a portfolio of companies that can benefit from Bitcoin’s long-term growth.
Nakamoto (NAKA) has signed definitive agreements to acquire media and events firm BTC Inc and asset management firm UTXO Management.
The all-stock deal is — NAKA will issue 363. million shares for the purchase — is valued at approximately $107.3 million and expected to close in the first quarter of 2026, according to a Tuesday press release.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
BTC Inc runs several high-profile bitcoin media properties, including Bitcoin Magazine, The Bitcoin Conference, and the enterprise-focused Bitcoin for Corporations program. UTXO, meanwhile, advises 210k Capital, a hedge fund allocating capital into bitcoin-related public and private markets.
“We intend to operate a portfolio of companies across media, asset management, and advisory services that can scale with Bitcoin’s long-term growth,” said David Bailey, CEO of Nakamoto. “This transaction signifies the first step of the company we intend to build, and we’re just getting started.”
The transaction has raised eyebrows among some market watchers due to the steep discount between the original pricing and the current execution. One user on X pointed out that Nakamoto was originally set to pay over $400 million based on the agreed $1.12 share price, but with the stock now trading below 30 cents, the acquisition is closing at roughly $107 million.
Bailey, who also leads BTC Inc, is central to all three companies involved, making this a related-party transaction. A special committee of independent directors approved the deal with input from outside legal and financial advisers.
NAKA shares are flat on Tuesday, trading at just $0.30 versus the roughly $2.00 level prior to converting to a bitcoin treasury strategy (when the company was named Kindly MD).
NakamotobtcAsset Management
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
Gemini stock falls 10% after it parts ways with COO, CFO and Chief Legal Officer months after IPO
Crypto exchange says Marshall Beard, Dan Chen and Tyler Meade are departing effective immediately; Cameron Winklevoss to take on COO duties as board names interim finance and legal chiefs.
What to know:
- Gemini Space Station Inc. is parting ways with its chief operating officer, chief financial officer and chief legal officer, with all three departures effective immediately, according to a regulatory filing.
- The shake-up follows Gemini's recent decision to shut down its crypto exchange operations in the U.K., the European Union, and Australia, cut about 25% of its global staff, and refocus on the U.S. and prediction markets.
- Co-founder Cameron Winklevoss will assume many of the departing COO's responsibilities, while the company has named interim leaders for its finance and legal roles amid broader cuts that include at least one senior APAC staff member.
Read full story
Latest Crypto News
Crypto custodian BitGo a potential acquisition target for Wall Street firms, analysts say
Trading platform eToro shares jump 14% after posting record Q4 profit despite crypto revenue drop
The crypto tax reckoning is here
CFTC's Selig opens legal dispute against states getting in way of prediction markets
Bitcoin slips below $67,000 as software stocks continue to plunge
Gemini stock falls 10% after it parts ways with COO, CFO and Chief Legal Officer months after IPO
Top Stories
BitMine adds $90 million in ETH — Tom Lee says crypto sentiment reminiscent of 2018 and 2022 bottoms
Michael Saylor's Strategy purchased $168 million in bitcoin last week
Bitcoin remains under pressure near $68,000 even as panic ebbs
BofA survey flags dollar bearish bets at over a decade high. Here's what it means for bitcoin
From Wall Street to Web3: This is crypto’s year of integration, Silicon Valley Bank says
Nexo re-enters the U.S. market three years after exiting due to regulatory issues
Market Opportunity
Bitcoin Price(BTC)
$67,773.83
$67,773.83$67,773.83
USD
Bitcoin (BTC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Crypto News: Donald Trump-Aligned Fed Governor To Speed Up Fed Rate Cuts?
The post Crypto News: Donald Trump-Aligned Fed Governor To Speed Up Fed Rate Cuts? appeared on BitcoinEthereumNews.com. In recent crypto news, Stephen Miran swore in as the latest Federal Reserve governor on September 16, 2025, slipping into the board’s last open spot right before the Federal Open Market Committee kicks off its two-day rate discussion. Traders are betting heavily on a 25-basis-point trim, which would bring the federal funds rate down to 4.00%-4.25%, based on CME FedWatch Tool figures from September 15, 2025. Miran, who’s been Trump’s top economic advisor and a supporter of his trade ideas, joins a seven-member board where just three governors come from Democratic picks, according to the Fed’s records updated that same day. Crypto News: Miran’s Background and Quick Path to Confirmation The Senate greenlit Miran on September 15, 2025, with a tight 48-47 vote, following his nomination on September 2, 2025, as per a recent crypto news update. His stint runs only until January 31, 2026, stepping in for Adriana D. Kugler, who stepped down in August 2025 for reasons not made public. Miran earned his economics Ph.D. from Harvard and worked at the Treasury back in Trump’s first go-around. Afterward, he moved to Hudson Bay Capital Management as an economist, then looped back to the White House in December 2024 to head the Council of Economic Advisers. There, he helped craft Trump’s “reciprocal tariffs” approach, aimed at fixing trade gaps with China and the EU. He wouldn’t quit his White House gig, which irked Senator Elizabeth Warren at the September 7, 2025, confirmation hearings. That limited time frame means Miran gets to cast a vote straight away at the FOMC session starting September 16, 2025. The full board now features Chair Jerome H. Powell (Trump pick, term ends 2026), Vice Chair Philip N. Jefferson (Biden, to 2036), and folks like Lisa D. Cook (Biden, to 2028) and Michael S. Barr…
Share
BitcoinEthereumNews2025/09/18 03:14
Will Crypto Market Rally or Face Fed Shock?
The post Will Crypto Market Rally or Face Fed Shock? appeared on BitcoinEthereumNews.com. The FOMC minutes from the January Fed meeting will be released on February
Share
BitcoinEthereumNews2026/02/18 04:03
VTAK Acquires 20% Stake in Creatd’s Aviation Subsidiary Fly Flyte
Creatd announces VTAK's 20% investment in AI aviation subsidiary Fly Flyte, advancing regional travel innovation and portfolio growth through strategic partnership
Share
Citybuzz2026/02/18 03:20