BTC Inc's about page states that BTC Media was founded in 2013 by David Bailey. The company acquired Bitcoin Magazine in late 2014 and grew it into a media and events business whose conference series it says drew more than 67,000 attendees in 2025.
His roles changed twice in short order and the company documented both. On 7 November 2025 BTC Inc announced that Bailey, described in its own release as Chairman and CEO of KindlyMD, which trades on Nasdaq as NAKA, and co-founder of BTC Inc, would step down as chief executive of BTC Inc and continue as chairman of its board. On 20 February 2026 that listed company, Nakamoto Inc, completed its acquisition of BTC Inc and of UTXO Management in an all-stock deal reported at $81,632,852. The publication and its parent now sit inside a company he chairs, which is a fact worth carrying into any reading of its coverage.