I just saw interesting news about a major acquisition in the crypto sector. Nakamoto Games (NAKA) officially signed an agreement to acquire BTC Inc, the parent company of Bitcoin Magazine, plus UTXO Management. The total transaction value is $107 million in shares. At the time the deal was announced, the agreed price was $1.12 per share. But now? NAKA is trading at $0.05, well below the initial expectations.

There’s something to note here. These shares have already lost more than 99% of their value from the 52-week high. So the question becomes more complex: is this a smart strategic deal for Nakamoto, or a fatal mistake for BTC Inc shareholders?

Let’s look at what’s included in this acquisition package. Nakamoto gains 27 media brands with a global reach of 6 million audiences. Additionally, they also take over the Bitcoin Conference, which usually attracts 67,000 attendees. There’s also a bitcoin-focused hedge fund involved in the transaction. From an asset perspective, it’s actually quite substantial.

But the current market context makes this deal seem problematic. With NAKA dropping sharply to $0.05, the acquisition value in practice is much lower than planned. This could be a good momentum for investors who believe in Nakamoto’s long-term vision, or a warning sign if you’re skeptical of their strategy. It depends on your perspective on Nakamoto’s future direction. If you’re curious about NAKA’s movements and related assets, you can check on Gate to see charts and further analysis.