UTXO Management GP, LLC (“UTXO Management”), a subsidiary of Nakamoto Inc. (NASDAQ: NAKA), announces the formation of UTXO Preferred Income Strategies LP (the “Fund”), a Delaware limited partnership. The Fund will create a dual-class capital structure designed to provide qualified purchasers with access to income generated by preferred perpetual securities.
The Fund’s initial portfolio is expected to consist of “digital credit,” such as the Strategy Variable Rate Perpetual Stretch Preferred Security (Ticker: STRC).
“The digital credit market has matured significantly, but institutional access remains fragmented. 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.”
— Tyler Evans, Chief Investment Officer, UTXO Management
Since inception in 2019, UTXO Management and its affiliates have initiated and managed multiple investment vehicles, including 210k Capital, LP, a hedge fund focused on Bitcoin, Bitcoin-related securities, and derivatives. UTXO Management’s investment team leverages deep operational and financial experience across the Bitcoin economy to identify high-conviction opportunities across public and private markets. UTXO Preferred Income Strategies LP will represent the firm’s first structured credit product, extending its platform into institutionally serviced income vehicles.
About UTXO Management
UTXO Management is a Bitcoin-native asset manager focused on public and private market investments across the Bitcoin ecosystem. The firm manages multi-strategy portfolios spanning liquid securities, venture investments, and strategic partnerships, supporting the growth of Bitcoin-native companies and infrastructure. UTXO Management is a subsidiary of Nakamoto Inc. (NASDAQ: NAKA), a publicly held Bitcoin company that owns and operates a global portfolio of Bitcoin-native enterprises. For more information visit www.utxo.management.
Media Contact
Carissa Felger / Sam Cohen
Gasthalter & Co.
(212) 257-4170
Nakamoto@gasthalter.com
Investor Relations Contact
Loren Asmus, CFA, CAIA
Head of Investor Relations
contact@utxo.management
Important Disclosures
This press release is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or investment product. Interests in UTXO Preferred Income Strategies LP (the “Fund”) have not been and will not be registered under the Securities Act of 1933, as amended (the “Act”), or any state or foreign securities laws, and are being offered and sold in reliance on the exemption to registration promulgated under Rule 506(c) of Regulation D promulgated under the Act. Interests are available only by means of a complete offering memorandum and related subscription materials which contain significant additional information about the terms of an investment in the Fund (such documents, the “Offering Documents”) and exclusively to investors who are both (i) “accredited investors” as defined in Rule 501(a) of Regulation D and (ii) “qualified purchasers” as defined in Section 2(a)(51)(A) of the Investment Company Act of 1940. Any decision to invest must be based solely upon the information set forth in the Offering Documents, regardless of any information investors may have been otherwise furnished, including this press release.
The description herein of the Fund and the targeted characteristics of its strategies and investments is based on current expectations and should not be considered definitive or a guarantee that the approaches, strategies, and investment portfolio will, in fact, possess these characteristics. These descriptions are based on information available as of the date of this press release, and the description may change over time. UTXO Management GP, LLC (“UTXO Management”) has no obligation to update, modify or amend this press release in the event that any matter stated herein changes or subsequently becomes inaccurate.
The Fund is speculative and involves a high degree of risk, including the possible loss of an investor’s entire investment. Investments in digital credit securities are subject to unique risks, including regulatory uncertainty, potential illiquidity, valuation challenges, and the evolving legal status of digital assets. The Fund may lack diversification, thereby increasing the risk of loss. The Fund’s performance may be volatile. There can be no guarantee that the Fund’s investment objectives will be achieved. Past performance is not indicative of future results.
Performance of UTXO Management’s other investment vehicles is not indicative of and should not be relied upon as a prediction of the Fund’s future performance. The Fund’s investment strategy differs materially from UTXO Management’s other vehicles.
Forward-Looking Statements
Certain statements in this press release constitute forward-looking statements, as defined under U.S. federal securities laws. Forward-looking statements can be identified by the use of words such as “target,” “expect,” “seek,” “intend,” “design,” “will,” “may,” “should,” “potential,” or the negative of such terms or other variations thereof. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release include, but are not limited to, statements regarding the Fund’s investment strategy, targeted yield and return objectives, capital structure design, portfolio composition, distribution mechanics, leverage parameters, and the Investment Manager’s plans and expectations for the Fund. These forward-looking statements are inherently uncertain and involve numerous assumptions and risks.
Because Nakamoto Inc. (NASDAQ: NAKA) is the parent company of UTXO Management, investors in Nakamoto Inc. common stock should be aware that the performance and risks of the Fund and UTXO Management’s fund management activities may affect the consolidated financial results, reputation, and regulatory profile of Nakamoto Inc. and its subsidiaries.
Any forward-looking statement speaks only as of the date on which such statement is made, and neither the Investment Manager nor Nakamoto Inc. undertakes any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable law. Prospective investors should refer to the Fund’s Private Placement Memorandum for a complete description of risks, fees, and terms.