PANews reported on February 21 that, according to Businesswire, Nasdaq-listed Bitcoin treasury company Nakamoto announced the completion of its previously disclosed acquisition of BTC Inc. and UTXO Management GP, LLC, with customary closing conditions satisfied. Following the transaction, the two companies became wholly owned subsidiaries of Nakamoto. Nakamoto stated that it now has a comprehensive business portfolio covering Bitcoin-native enterprises, encompassing media and information, finance and asset management, and consulting services.

The entire consideration for this transaction will be paid in the form of Nakamoto common stock and put options. On a fully diluted basis, the security holders of BTC Inc and UTXO will receive a total of 364,795,104 Nakamoto common shares, valued at approximately US$81.63 million (based on the closing price of US$0.248 on February 19, 2026, deducting the exercise price of the put options). According to preliminary unaudited data for the 12 months ended September 30, 2025, the two companies combined (excluding insider transactions) achieved approximately US$80.5 million in revenue, US$34.2 million in EBITDA, and US$40.1 million in net income.