PANews reported on February 21 that Nakamoto, a Bitcoin treasury company, announced on the X platform that it has signed a definitive agreement to acquire BTC Inc., a Bitcoin media and event provider, and UTXO Management (UTXO), an investment company. According to the merger agreement, the transaction will be paid for in Nakamoto common stock. Holders of securities in BTC Inc. and UTXO will receive 363,589,816 shares of Nakamoto common stock. Based on the closing price of $0.2951 on February 13, the total consideration for the transaction is $107,295,354. The specific number of shares will be adjusted according to customary closing conditions at the time of closing. The entire transaction is expected to be completed in the first quarter of 2026, subject to customary closing conditions. BTC Inc. is reportedly the organizer of The Bitcoin Conference and the parent company of Bitcoin Magazine.