Nakamoto to acquire BTC Inc, UTXO in $107M all-stock deal
Nakamoto will acquire BTC Inc and UTXO in an all-stock deal, consolidating Bitcoin media, events and asset management under one Nasdaq-listed company.
Nakamoto, the Bitcoin treasury company formerly known as KindlyMD, signed definitive agreements to acquire BTC Inc and UTXO Management GP, advancing its plan to build a Bitcoin-native operating company.
The transaction will be financed entirely with Nakamoto’s common stock under a previously disclosed call option contained in a Marketing Services Agreement (MSA) with BTC Inc. The MSA granted Nakamoto the right to acquire BTC Inc, which in turn held a call option to acquire UTXO, the company disclosed Tuesday.
Under the terms, BTC Inc and UTXO holders will receive 363,589,816 shares of Nakamoto common stock on a fully diluted basis.