Nasdaq-listed Nakamoto Inc. (NASDAQ: NAKA) announced that it has reached a merger agreement with Bitcoin company and UTXO Management GP, LLC. The transaction is expected to be completed in the first quarter of 2026, with a total consideration of approximately $107 million, aiming to deeply integrate media influence and Bitcoin asset management operations. This company is shrouded in mystery, with a name paying homage to Bitcoin BTC founder Satoshi Nakamoto, and was formerly a medical cannabis company unrelated to cryptocurrencies called KindlyMD.
Nakamoto Inc.: From Medical Cannabis to Bitcoin Reserve Company
According to SEC filings, Nakamoto Inc. was originally KindlyMD before transforming into a Bitcoin asset reserve company. Founded in 2019, its core business was healthcare services, including combining traditional medical treatment with behavioral psychology counseling and pain management. One of KindlyMD’s main products was providing medical cannabis.
Acquisition of Bitcoin Company and UTXO for Industry Expansion
The acquisition will be financed through Nakamoto Inc.’s common stock. Under the Master Marketing Services Agreement (MSA) signed by both parties, the purchase option is priced at $1.12 per share. Securities holders of Bitcoin and UTXO are expected to receive 363,589,816 shares of Nakamoto Inc. common stock.
Based on Nakamoto Inc.’s closing price of $0.2951 on February 13, 2026, before customary purchase price adjustments, the total transaction value is approximately $107 million ($107,295,354). The merger has previously received shareholder approval and will be officially exercised following joint marketing activities, marking Nakamoto Inc.’s shift from a holding company plan to actual operational integration.
Bitcoin Company is headquartered in Nashville and currently owns 27 media brands with a community reach of about 60 million people. Its core media includes Bitcoin Magazine, founded in 2012. The company hosts the “Bitcoin Conference” across the US, Asia, Europe, and the Middle East. Through acquisitions, Nakamoto Inc. will directly access the global Bitcoin community traffic.
Bitcoin Company has long partnered with Strategy to host social events and educational content. Its Bitcoin Business Club is a membership platform with over 40 member companies and has been operating for five years. CEO Brandon Green stated that the acquisition will support Bitcoin Company in entering the next phase.
Another company acquired by Nakamoto Inc., UTXO, is an investment management firm specializing in Bitcoin-related securities and derivatives. UTXO serves as an advisor to hedge fund 210k Capital, LP, focusing on allocations in public and private markets. Nakamoto Inc. Chief Investment Officer Tyler Evans said that post-merger, the company can leverage the platform and financial strength of a publicly listed company to support builders of the Bitcoin economy.
Nakamoto Inc. CEO David Bailey stated that integrating Bitcoin Company and UTXO Management aims to directly connect media influence with asset management services. By establishing an institutional-level operational framework, the company can not only strengthen its balance sheet but also lay a solid foundation for future expansion of Bitcoin reserves.
This article about the medical cannabis company Nakamoto Inc.’s acquisition of BTC Inc. and UTXO Management first appeared on Chain News ABMedia.
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