Nakamoto Inc., a prominent Bitcoin company, has announced agreements to acquire BTC Inc. and UTEXO Management GP, LLC. BTC Inc. is a leading provider of Bitcoin-related media and events, while UTEXO is an investment firm focusing on private and public Bitcoin companies. The deal is expected to close in the first quarter of this year and will be financed through Nakamoto’s common stock. Headquartered in Nashville, BTC Inc. is one of the largest Bitcoin media companies globally, operating 27 media brands that reach nearly six million people. It also organizes “The Bitcoin Conference,” the largest Bitcoin conference held across the US, Asia, Europe, and the Middle East, attracting thousands of attendees. Additionally, BTC Inc. owns Bitcoin Magazine, a respected source of Bitcoin news and analysis since May 2012. UTEXO is an investment firm that supports companies strengthening the Bitcoin economy through investments in Bitcoin and related financial instruments. According to Nakamoto’s Chairman and CEO David Bailey, these acquisitions will enhance Nakamoto’s identity as a diversified Bitcoin operating company and expand its global presence. The agreement will position Nakamoto prominently in Bitcoin media, asset management, and advisory services, strengthen the company’s financial standing, and support further Bitcoin acquisitions and strategic investments. This move is expected to solidify Nakamoto’s position in the Bitcoin ecosystem and enable the company to grow alongside Bitcoin’s long-term development.
Source: bitcoinmagazine
