A Bitcoin‑focused public company just bought two businesses that its own CEO originally founded, leaving many in the crypto circles scratching their heads over who’s really running the show.
The buyer, recently launched Bitcoin treasury company Nakamoto Inc., said in a Feb. 17 press release that it will merge with BTC Inc., the media and events group behind Bitcoin Magazine and The Bitcoin Conference, and UTXO Management, a Bitcoin-focused investment adviser.
David Bailey, Nakamoto’s chairman and CEO, co-founded BTC Inc. and UTXO Management, meaning he is effectively the buyer, seller, and CEO approving the deal.
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