Nakamoto completes the acquisition of BTC Inc and UTXO, with a transaction consideration of approximately $81.63 million

Techub News, Bitcoin treasury company Nakamoto announced that it has completed the previously disclosed acquisition of BTC Inc and UTXO Management GP, LLC, with all customary closing conditions satisfied. Following the transaction, both companies have become wholly-owned subsidiaries of Nakamoto.

The total consideration for this transaction was paid entirely in the form of Nakamoto common stock and assumed options. On a fully diluted basis, the security holders of BTC Inc and UTXO collectively received 364,795,104 shares of Nakamoto common stock, with an aggregate value of $81,632,852 (net of the total exercise prices of the options).