Nakamoto’s Bitcoin Bonanza: $107M Deal That’s Both Genius and Crazy!

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Key Highlights (Because Who Doesn’t Love a Good Financial Joke?)

  • Nakamoto (NAKA), formerly KindlyMD, has somehow managed to acquire BTC Inc and UTXO Management in an all-stock deal worth $107.3 million. Because nothing says “visionary” like trading shares for Bitcoin-related ventures.
  • BTC Inc runs Bitcoin media outlets and events, while UTXO manages Bitcoin investments for a hedge fund. Because who needs actual revenue when you can just spin your wheels in the crypto echo chamber?
  • The acquisition will help Nakamoto grow its Bitcoin-focused businesses, earn recurring revenue, and expand services globally. Or, as we like to call it, “the future of finance, but with more confusion.”

Nakamoto, a company that once provided medical services (but now claims to be a Bitcoin titan), has signed final agreements to acquire BTC Inc and UTXO Management. Because why let reality get in the way of a good story?

The deal is an all-stock transaction worth $107.3 million. Nakamoto will hand over 363.6 million of its own shares, which is roughly the same number of people who’ve ever been confused by a Bitcoin price chart. The deal is expected to close in early 2026, because apparently, even crypto deals need a little patience.

BTC Inc runs Bitcoin Magazine and The Bitcoin Conference, which is like hosting a party for people who think the internet is a pyramid scheme. UTXO Management advises 210k Capital, a hedge fund that invests in Bitcoin markets. Because nothing says “financial stability” like putting your money into a digital currency that could vanish overnight.

BREAKING: Bitcoin Magazine’s parent company BTC Inc to be acquired by Nakamoto Inc. (NASDAQ: NAKA)

– Bitcoin Magazine (@BitcoinMagazine) February 17, 2026

“We intend to operate a portfolio of companies across media, asset management, and advisory services that can scale with Bitcoin’s long-term growth. This transaction signifies the first step of the company we intend to build, and we’re just getting started,” said David Bailey, the CEO of Nakamoto. Because nothing says “long-term growth” like a CEO who’s clearly never heard of the term “bubble.”

Deal Adjusted Due to Stock Price Drop (Because Miracles Happen)

Some people have noticed a big difference between the original price and the current cost of the deal. Nakamoto was initially set to pay over $400 million based on a $1.12 share price, but with the stock trading around $0.30, the deal now closes at roughly $107 million. Because nothing says “financial wizardry” like watching your stock price plummet and then renegotiating a deal.

– Christopher Cain (@PythonTrader) February 17, 2026

Because Bailey is involved in all three companies, the deal is considered a related-party transaction. A special committee of independent directors reviewed and approved the deal with advice from outside lawyers and financial experts. Because nothing says “transparency” like a committee of people who probably also own shares in the company.

Previous Bitcoin Purchases (Because Why Not Buy More?)

The acquisition adds BTC Inc and UTXO to Nakamoto’s expanding Bitcoin-focused companies. The company is also investing in Bitcoin. Because if you can’t trust a decentralized currency, what can you trust?

As of November 2025, the company held around 5,389 BTC, which at the current price is worth $362 million. This was shortly after it purchased a total of 5,765 BTC at an average purchase price of $118,204 in September. Because nothing says “prudent investing” like buying Bitcoin at a price that might as well be a guess.

Broader Context (Because We All Need a Bit More Confusion)

This new deal is expected to strengthen the company’s balance sheet. BTC Inc is one of the biggest Bitcoin media companies in the crypto space, reaching about 6 million people through its different brands. Its events, which include The Bitcoin Conference, had about 67,000 attendees in 2025. Because nothing says “community engagement” like a conference where everyone’s either a millionaire or a scammer.

UTXO, on the other hand, supports companies that are building the Bitcoin economy. Because why not? The economy is just a fancy word for “things that might not exist tomorrow.”

Meanwhile, the company’s stock hasn’t reacted to the news. At the time of writing, NAKA is trading for $0.29, down 1.86% in the last 24 hours, according to Yahoo. Because nothing says “market confidence” like a stock that’s as stable as a cryptocurrency during a bear market.

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2026-02-17 22:32