Latest news with #TylerEvans
Business Wire
11 hours ago
- Business
- Business Wire
Nakamoto Holdings Appoints Tyler Evans as Chief Investment Officer to Lead Bitcoin-Native Capital Deployment
NASHVILLE, Tenn.--(BUSINESS WIRE)--Nakamoto Holdings Inc. ('Nakamoto'), a Bitcoin-native holding company, which previously announced its anticipated merger with Kindly MD, Inc. (NASDAQ: NAKA) ('KindlyMD'), today announced the appointment of Tyler Evans as Chief Investment Officer. Building on his six-year track record at UTXO Management, Tyler will lead the strategy and execution of Nakamoto's Bitcoin reserve deployment by originating and structuring deals across capital markets to grow the company's balance sheet and drive long-term shareholder value. Tyler brings over a decade of experience building Bitcoin-native financial infrastructure. He is a Co-Founder and Chief Investment Officer of UTXO Management, a thesis-driven, high-conviction investment firm focused on the Bitcoin ecosystem and ranked as the fifth best-performing single-manager hedge fund in 2024 by HFR. He has led capital deployment across both early-stage venture and hedge fund strategies, building one of the most active investment portfolios in the Bitcoin industry. Tyler is also a Co-Founder of BTC Inc, publisher of Bitcoin Magazine and host of the annual Bitcoin Conference. While Tyler will continue in his leadership role at UTXO Management, his appointment as CIO of Nakamoto Holdings reflects a distinct mandate to advance Nakamoto's capital strategy and long-term vision. His active presence across both organizations brings valuable perspective and network synergies that ultimately serve the interests of shareholders of both firms. 'Tyler has been a cornerstone of Bitcoin's story from the very beginning – from media and venture to asset management and public market strategy,' said David Bailey, Founder and CEO of Nakamoto. 'In addition to being a world-class investor, Tyler is a mission-driven leader with deep conviction in Bitcoin and the global experience to back it up. Bringing him on as CIO sets the tone for the bold, Bitcoin-native, and uncompromising future we are building at Nakamoto.' Tyler added, 'Joining Nakamoto presents an opportunity to redefine how institutional capital interacts with Bitcoin. We are entering an era where Bitcoin is powering corporate growth, treasury management, and global investment strategy. I am thrilled to join David and the Nakamoto team as we help shape that future alongside UTXO Management.' Tyler currently serves on the boards of Metaplanet Inc. (3350:TSE), Smarter Web Company ( and Matador (TSX:MATA.V), and LX Research. In addition to his investing work, Tyler mentors early-stage founders through the Bitcoin Startup Lab and Draper BitcoinFi Accelerator, shaping the next generation of innovation across the Bitcoin ecosystem. About Nakamoto Nakamoto is a Bitcoin treasury company building a global portfolio of Bitcoin-native companies. Nakamoto plans to establish the first publicly traded conglomerate of Bitcoin companies by accumulating Bitcoin in its treasury and by leveraging its treasury to acquire and develop an ecosystem of Bitcoin companies across finance, media, advisory and more. The company aims to provide commercial and financial infrastructure for the next generation of capital markets. For more information, please visit Forward-Looking Statements All statements, other than statements of historical fact, included in this release that address activities, events or developments that Kindly MD or Nakamoto expects, believes or anticipates will or may occur in the future are forward-looking statements. Words such as 'estimate,' 'project,' 'predict,' 'believe,' 'expect,' 'anticipate,' 'potential,' 'create,' 'intend,' 'could,' 'would,' 'may,' 'plan,' 'will,' 'guidance,' 'look,' 'goal,' 'future,' 'build,' 'focus,' 'continue,' 'strive,' 'allow' or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements include, but are not limited to, statements regarding the proposed merger and related transactions, (collectively, the 'Transactions') the expected closing of the proposed Transactions and the timing thereof and as adjusted descriptions of the post-transaction company and its operations, strategies and plans, integration, debt levels and leverage ratio, capital expenditures, cash flows and anticipated uses thereof, synergies, opportunities and anticipated future performance, including the management team and board of directors of the combined company and expected use of proceeds from the Transactions, and any post-closing transactions contemplated between the combined company and BTC Inc (and/or UTXO, LLC through BTC Inc). Information adjusted for the proposed Transactions should not be considered a forecast of future results. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this release. These include the risk that Kindly MD and Nakamoto businesses (which may include the businesses of BTC Inc and/or UTXO in the future, as applicable) will not be integrated successfully and the risk that Kindly MD or the applicable governing bodies of BTC Inc and/or UTXO may not pursue or approve the terms of an acquisition of BTC Inc and/or UTXO; the risk that cost savings, synergies and growth from the proposed transaction may not be fully realized or may take longer to realize than expected; the possibility that shareholders of Kindly MD may not approve the issuance of new shares of Kindly MD common stock in the Transactions or that shareholders of Kindly MD may not approve the Transactions; the risk that a condition to closing of the Transactions may not be satisfied, that either party may terminate the merger agreement, the subscription agreements of the convertible debt purchase agreement or that the closing of the Transactions might be delayed or not occur at all; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the Transactions; the parties do not receive regulatory approval of the Transactions; the occurrence of any other event, change, or other circumstances that could give rise to the termination of the merger agreement relating to the Transactions; the risk that changes in Kindly MD's capital structure and governance could have adverse effects on the market value of its securities; the ability of Kindly MD and Nakamoto to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on Kindly MD and Nakamoto's operating results and business generally; the risk the Transactions could distract management from ongoing business operations or cause Kindly MD and/or Nakamoto to incur substantial costs; the risk that Kindly MD may be unable to reduce expenses or access financing or liquidity; the impact of any related economic downturn; the risk of changes in governmental regulations or enforcement practices; and other important factors that could cause actual results to differ materially from those projected. All such factors are difficult to predict and are beyond Kindly MD's and Nakamoto's control, including those detailed in Kindly MD's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and such other documents of Kindly MD filed, or to be filed, with the SEC that are or will be available on Kindly MD's website at and on the website of the SEC at All forward-looking statements are based on assumptions that Kindly MD and Nakamoto believe to be reasonable but that may not prove to be accurate. Any forward-looking statement speaks only as of the date on which such statement is made, and neither Kindly MD or Nakamoto undertakes any obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
Yahoo
09-04-2025
- Business
- Yahoo
This Bitcoin Hedge Fund Is Taking Treasuries Companies Global: Blockspace
This Bitcoin-focused hedge fund outperformed bitcoin last year. 210k Capital, the hedge fund for UTXO Management, was the fifth best performing single major hedge fund in 2024 according to HFR. It returned 164% net of fees in 2024. UTXO Management is the investing arm of BTC Inc., of Bitcoin Magazine and Bitcoin Conference fame. This article first appeared on Blockspace Media, the leading Bitcoin industry publication dedicated to covering Bitcoin tech, markets, mining, and ordinals. Get Blockspace articles directly in your inbox by clicking here. Single manager hedge funds are run by one entity, versus multi-manager or fund-to-fund hedge funds, which have multiple portfolio managers. In HFR's recap of its 2024 Global Hedge Fund Industry Report Q4 2024, the research firm revealed that cryptocurrency-focused hedge funds were 'the leading area of overall [hedge fund] industry performance.' HFR's index for cryptocurrency funds returned 59.81% in 2024. UTXO Management's banner 2024 performance puts it in conversation with leading hedge funds that focus on traditional assets and industries. And it has bitcoin to thank for that – or, more directly, bitcoin companies. UTXO Management's Co-founder and Chief Investment Officer, Tyler Evans, said that the fund's 2024 returns chiefly stemmed from its investment in bitcoin strategy companies, principally Strategy (formerly MicroStrategy) and Metaplanet. 'Over the last 12 months, we went very hard into the bitcoin treasury-play thesis as as we really saw it play out with what Saylor is doing, and the opportunity to really globalize it…So we did that pretty heavily in 2024, with both Strategy as well as Metaplanet out of Japan, where we were the first bitcoin investors in the company,' Evans told Blockspace. He said that the hedge fund holds 80% of its portfolio in bitcoin equities, which were a 'big factor that drove [210k Capital's] out-performance in 2024. A portion of that 80% includes public bitcoin miners, but the real money makers have been Metaplanet and Strategy, the latter of which 210k Capital held since the early days of its bitcoin strategy. These companies, Evans explained, offer a novel form of securitized bitcoin exposure that makes it easier for everything from institutional firms to IRAs to pension funds to hold bitcoin-adjacent assets. As a result, 'the investable landscape has grown significantly over the last few years,' he said, opening the door to 'registered investment advisors, wealth managers, funds, and sophisticated family offices.' This marks a shift from the fund's early days when it courted self-made, high-net worth individuals who were typically more active investors managing their own portfolio to more passive investors whom manage pools of capital. 'We saw the demand for institutional capital to get exposure to Bitcoin and the role that these Treasury companies can serve is securitizing bitcoins for fixed income investors, the insurance funds, or the mutual funds,' said Evans. 'These institutional allocators have very defined mandates of what types of instruments that they can invest in. And that's really the beauty of the whole playbook is securitizing bitcoin in these different formats that make it so that institutional allocators can invest into it.' Bitcoin ETFs, first approved in January 2024, offer liquidity as well. With BlackRock on board – not to mention it recommending a 5% allocation to bitcoin – Evans said the Overton Window for how investors view bitcoin is shifting. So much so that the Wisconsin Teacher's pension now holds bitcoin ETFs, as does the Abu Dhabi sovereign wealth fund. The only thing harder than winning the championship is defending your title. And with bitcoin down year-to-date, it raises the question: can 210k Capital top 2024? Evans said that the fund hedges its positions with a number of auctions, but it's also still 'very bullish' on bitcoin in 2025. It's even more bullish on exporting Michael Saylor's corporate bitcoin treasury Strategy strategy to other financial markets. 'We think that there's an opportunity for a bitcoin treasury company in every tier-one financial market globally,' he said. UTXO Management had a large hand in standing up Metaplanet's bitcoin treasury in Japan. Tyler Evans served as an independent director and UTXO Management partner Dylan Leclair acting as Metaplanet's head of bitcoin strategy. Another UTXO portfolio company, The Smarter Web Company, is set to IPO on the Aquis Exchange in the U.K. this week. Read: England's Metaplanet? The Smarter Web Company eyes UK IPO with bitcoin strategy Public bitcoin treasury companies like Metaplanet give traditional investors access to bitcoin where other vehicles are limited. In Japan, for example, there are no native bitcoin ETFs, and access to American ones is limited. This – plus Japan's low interest rates and a lower capital gains tax on equities cryptocurrencies – make it ripe for Metaplanet to reap market share, Evans believes. UTXO has its eye on multiple markets to incubate bitcoin treasury companies, including Latin America, Central America, the Middle East, Australia, Thailand, and Vietnam. Some of these are already in the works 'at various stages of maturity,' Evans teased, with some in the IPO planning stage and others raising capital. 'Our inbound deal flow of seasoned entrepreneurs who want to bring it to their own local market is growing massively,' he said. Sign in to access your portfolio
