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Nakamoto Inc. (NASDAQ: NAKA) announced today that it has completed its acquisitions of BTC Inc. and UTXO Management GP, LLC (\u201cUTXO\u201d), finalizing merger agreements previously announced<\/a> earlier this month.<\/p>\n The transaction was structured entirely through the issuance of Nakamoto common stock. BTC Inc. and UTXO securityholders received 364,795,104 shares of Nakamoto stock, at a combined value of $81,632,852 based on Nakamoto\u2019s closing price on February 19, 2026, of $0.248. In a form 8-K filing yesterday, Nakamoto disclosed that the two businesses reported a combined revenue of $80.5 million, $34.2 million in EBITDA (Earnings Before Interest, Taxes, and Amortization), and $40.1 million in net income for the 12-month period ending September 30, 2025.<\/p>\n The deal followed the terms of Nakamoto\u2019s call option under its Marketing Services Agreement, which was previously approved by shareholders.<\/p>\n BTC Inc. is a global Bitcoin media company that produces Bitcoin Magazine<\/em>, one of the longest-running publications covering the cryptocurrency industry.\u00a0<\/p>\n The company also organizes The Bitcoin Conference<\/em>, a series of events<\/a> held across the U.S., Asia, Europe, and the Middle East, which attracted over 67,000 attendees in 2025. BTC Inc. also operates Bitcoin for Corporations<\/em>, a membership platform<\/a> for companies using Bitcoin as a treasury asset.<\/p>\n UTXO Management serves as an adviser to a hedge fund focused on Bitcoin and related investments. Its team allocates capital across public and private markets in the Bitcoin ecosystem.<\/p>\n The firm\u2019s integration into Nakamoto expands the company\u2019s investment and advisory capabilities.<\/p>\n Nakamoto: A portfolio of bitcoin adjacent companies\u00a0<\/strong><\/p>\n David Bailey, Chairman and CEO of Nakamoto Inc., said earlier this week that the \u201cacquisition aligns with our plan to operate a portfolio of companies across media, asset management, and advisory services. BTC Inc. and UTXO provide recurring earnings and institutional capabilities that support our growth strategy.\u201d<\/p>\n Brandon Green, CEO of BTC Inc., added, \u201cJoining Nakamoto allows us to scale our media and event platforms and extend our reach to a wider audience of companies and investors in Bitcoin.\u201d<\/p>\n Tyler Evans, Chief Investment Officer of Nakamoto and UTXO, said the combination provides an opportunity to reinforce Bitcoin\u2019s role in modern capital markets and to develop new investment strategies.<\/p>\n With the acquisition complete, Nakamoto now operates a diversified portfolio of Bitcoin-native enterprises spanning media, events, asset management, and advisory services.\u00a0<\/p>\n The company intends to use the combined platform for future strategic initiatives, including additional Bitcoin accumulation and potential acquisitions.<\/p>\n