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

Odaily News: Bitcoin treasury company Nakamoto has announced the completion of its acquisition of Bitcoin media and events company BTC Inc and investment firm UTXO Management. Both companies will become its wholly-owned subsidiaries. The entire transaction was paid in the form of Nakamoto common stock and its options.

According to the disclosure, the security holders of BTC Inc and UTXO collectively received a total of 364,795,104 shares of Nakamoto common stock on a fully diluted basis, with a total value of approximately $81.63 million. BTC Inc is the organizer of The Bitcoin Conference and the parent company of Bitcoin Magazine.