According to Techub News, Bitcoin treasury company Nakamoto announced the completion of its previously disclosed acquisition of BTC Inc. and UTXO Management GP, LLC, with customary closing conditions fulfilled. Following the transaction, both companies became wholly owned subsidiaries of Nakamoto.
The consideration for this transaction was paid entirely in the form of Nakamoto common stock and put options. On a fully diluted basis, the security holders of BTC Inc and UTXO received a total of 364,795,104 Nakamoto common shares, with a total value of US$81,632,852 (after deducting the total exercise price of the options).
