NAKA Owned UTXO Launches Digital Credit Fund Tied To STRC Strategy

• Nakamoto launched UTXO Preferred Income Strategies LP, a crypto yield fund targeting “digital credit” assets like Strategy-linked preferred securities.
• NAKA expanded into Bitcoin media, asset management, and institutional goods with its $81.6M all-stock acquisition of UTXO Management and BTC Inc.
• NAKA shares are down over 41% YTD and are sliding in early trade amid dilution worries and a 40% loss on a BTC transaction, weighing on investor sentiment.

Nakamoto Inc (NAKA) is pushing deeper into institutionalizing crypto yield. Its asset management arm, UTXO Management GP, on Monday, launched UTXO Preferred Income Strategies LP at UTXO Investor Day. This new preferred income fund is designed to generate returns from ’digital credit,’ a category that includes strategy-linked securities tied to Bitcoin exposure.

The launch was officially announced at the Bitcoin 2026 Conference, and the new fund will establish a dual-class capital structure to provide eligible purchasers with access to the income earned by preferred perpetual securities. Its inaugural portfolio is planned to comprise "digital credit," such as the Strategy Variable Rate Perpetual Stretch Preferred Security (STRC).

“The digital credit market has matured significantly, but institutional access remains fragmented,” said Tyler Evans, Chief Investment Officer of UTXO Management, in a statement. “We designed our first structured credit product, UTXO Preferred Income Strategies LP, to give allocators access to these dividend-paying securities, with the capital structure enhancements, institutional servicing, and operational transparency they require.”

STRC stock has gained over 10% in the last year. On Stocktwits, retail sentiment remained in the ‘neutral’ zone, while chatter stayed at ‘normal’ levels over the past day. 

In February, Nakamoto Inc. (NAKA) completed the acquisition of UTXO Management GP, LLC and BTC Inc., converting them into wholly owned subsidiaries. This all-stock acquisition, worth roughly $81.6 million, combines Bitcoin media, asset management, and consulting services under Nakamoto. 

Why Is NAKA Stock Down?

NAKA’s stock tanked over 4% in morning trade. On Stocktwits, retail sentiment around NAKA remained in the ‘bearish’ zone, while chatter stayed in ‘low’ levels over the past day. The stock has been down over 41% year-to-date. 

In March, the corporation sold 284 Bitcoin (BTC) at around $70,422, with an average acquisition cost of roughly $118,171 per Bitcoin, resulting in a nearly 40% loss. Following the acquisition of Nakamoto and the announcement of fundraising ambitions, the firm saw huge dilution of shares, leading to high selling pressure.

Read also: Goldman Pulls Back On Quantum Computing Research, But Bitcoin Developers Floats ‘eCash’ Fork To Redistribute Satoshi Coins

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