We're thesis-driven, high conviction investors leveraging extensive experience in the Bitcoin ecosystem to allocate capital across public and private market opportunities.
What gives us an edge?
As part of the Nakamoto ecosystem, we operate at the intersection of Bitcoin media, conferences, and capital markets — striving to convert proprietary signal into investment conviction before the rest of the market sees it.
How do we deploy capital?
Through targeted vehicles spanning event-driven hedge fund strategies and early-stage venture, we allocate across the full spectrum of Bitcoin opportunities — from dislocated public market assets to foundational ecosystem infrastructure.
Where did we come from?
Founded in 2019 by operators who lived inside the Bitcoin ecosystem — running conferences, publishing research, and building relationships — before ever launching a fund. That origin still defines how we source and underwrite every opportunity.
How we convert intelligence into action
Our position within the Nakamoto ecosystem gives us a unique information advantage. We see it first. We act on it first.
Event-Driven Strategies
Capturing asymmetric opportunities across Bitcoin equities, derivatives, market dislocations, and yield strategies through active risk management.
Venture Capital
Early-stage investments in companies building foundational Bitcoin ecosystem infrastructure, sourced through our conference and media pipeline.
Research & Analysis
Rigorous fundamental analysis and proprietary data drive every allocation decision, from macro regime positioning to individual security selection.
Our Principles
Conviction Capital
We take concentrated positions backed by deep research. High conviction, not diversification for its own sake.
Information Edge
Our sister company BTC Inc generates signal through 5.4M followers, 67K conference attendees, and 700+ industry relationships. We act on that intelligence.
Risk Discipline
Discretionary hedging and active risk management across macro and liquidity regimes. We protect capital as seriously as we deploy it.
Ecosystem Advantage
No other Bitcoin fund operates inside the ecosystem's nervous system: conference deal flow, corporate treasury relationships, and editorial research all feed our process.
Long-Term Thinking
We invest in Bitcoin's structural adoption, not short-term narrative cycles. Patient capital for generational opportunities.
Radical Transparency
Quarterly reporting, clear communication, and honest assessment of both wins and losses. Our track record speaks for itself.
Founded in 2019. Acquired by Nakamoto in 2026. Still just getting started.
UTXO Management was founded by David Bailey, Tyler Evans, and Coyn Mateer with a simple thesis: the best Bitcoin investors would be the ones closest to the ecosystem itself.
That thesis remains the foundation of UTXO. Our flagship 210k Capital fund combines deep Bitcoin expertise with institutional-grade risk management.
In February 2026, UTXO was acquired by Nakamoto (NASDAQ: NAKA), creating the first vertically integrated Bitcoin operating company. Now our information advantage is structural, not accidental.