Nakamoto to acquire BTC Inc, UTXO Management in $107M deal

Bitcoin investment firm Nakamoto has announced its acquisition of BTC Inc, the operator of Bitcoin Magazine and the Bitcoin Conference, and UTXO Management. According to The Block, the all-stock transaction is valued at approximately $107 million. To facilitate the deal, Nakamoto will issue 363 million shares at a fixed price of $1.12 per share. The acquisition is expected to be completed in the first quarter of this year. David Bailey, Chairman and CEO of Nakamoto, said the company plans to expand its business in line with Bitcoin's long-term growth through a diverse portfolio of media, asset management, and advisory services.