Nakamoto Incorporated (NASDAQ: NAKA) has finalized the acquisition of BTC Incorporated and UTexo Management GP, LLC as part of its recent financial activities. The transaction was executed through the issuance of common stock under the company’s ongoing projects and strategic plans. Shareholders of BTC Incorporated and UTexo received 364,795,104 shares of Nakamoto, valued at approximately $81.6 million. By the end of the last fiscal year, both companies reported combined revenues of $80.5 million, an EBITDA of $34.2 million, and a net profit of $40.1 million. The acquisition has shareholder approval under Nakamoto’s marketing services agreement.
BTC Incorporated, publisher of Bitcoin Magazine, is a globally recognized company providing information about Bitcoin and organizing Bitcoin conferences that attract large audiences annually across the US, Asia, Europe, and the Middle East. Additionally, BTC Incorporated operates a membership platform called “Bitcoin for Corporations,” which assists companies in using Bitcoin as a treasury asset. UTexo Management is a consulting firm focused on hedge funds investing in Bitcoin and related assets, with a team active in both public and private markets within the Bitcoin ecosystem. Its integration into Nakamoto will strengthen the company’s investment and advisory capabilities.
According to David Bailey, Chairman and CEO of Nakamoto, this acquisition aligns perfectly with the company’s plan to build a diversified portfolio in media, asset management, and advisory services. Brendan Green, CEO of BTC Incorporated, stated that joining Nakamoto will expand their media and event platforms and increase their reach among Bitcoin investors. Nakamoto now operates a comprehensive network of companies offering various Bitcoin-related services and intends to further solidify its presence through future investments and acquisitions.
Source: bitcoinmagazine
