Amid the unfettered frenzy of last year’s Bitcoin treasury trade, David Bailey managed to raise $710 million to build what he called a Bitcoin treasury dynasty. Nine months and one implosion later, he’s using the carapace of that company to buy two other businesses — from himself. Nakamoto Inc., the publicly traded Bitcoin treasury company that Bailey founded in 2025, announced on Monday it will acquire BTC Inc — which owns Bitcoin Magazine and runs the Bitcoin Conference — along with UTXO Management, a ...