Trump’s Crypto Advisor Launches $300M Bitcoin Firm
By: bitcoin ethereum news|2025/05/09 05:15:01
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David Bailey raises $300M for bitcoin firm Nakamoto. The company will go public via a Nasdaq-listed merger. Nakamoto will buy global businesses and hold bitcoin. David Bailey, CEO of BTC Inc. and a key crypto advisor to Donald Trump, is making waves in the digital asset industry with the launch of a new bitcoin investment company named Nakamoto. The venture, which has secured $300 million in funding, is set to go public and aims to become a major player in the bitcoin investment ecosystem. $300 Million Power Move into Bitcoin Bailey has raised $200 million in equity and an additional $100 million in convertible debt to fuel the creation of Nakamoto. The new firm is poised to merge with an existing Nasdaq-listed company, with the deal expected to be announced in the coming days. Nakamoto’s public debut is targeted for summer. Nakamoto is named after Satoshi Nakamoto, the mysterious creator of Bitcoin. The firm plans to use its capital to acquire and hold bitcoin, while also investing in global businesses across regions like Brazil, Thailand, and South Africa. It will operate as a bitcoin-holding company, following a model popularized by Michael Saylor’s Strategy. A Growing Trend Among Bitcoin-Focused Public Firms Bailey’s launch comes at a time when bitcoin investment companies are gaining momentum. Similar ventures include Jack Mallers’ “Twenty One,” a bitcoin-holding firm backed by SoftBank and Tether. These firms are drawing significant investor interest as alternative vehicles to gain bitcoin exposure without directly holding the asset. Bitcoin investment firms typically function as proxy assets for bitcoin itself. By holding large quantities of bitcoin and trading publicly, their stock value often mirrors bitcoin’s market movement. This model has proven successful, especially during bull markets. Credibility Meets Crypto Upside Advisors and investors backing Nakamoto see it as a hybrid between traditional financial credibility and high-growth crypto potential. According to insiders, the venture’s leadership and capital position put it well to compete in the increasingly crowded bitcoin investment space. Bailey’s influence in both crypto and political spheres may also give Nakamoto an edge, particularly as regulatory landscapes shift in the U.S. Highlighted Crypto News Today: CZ Confirms Presidential Pardon Request, Backs Trump’s Pro-Crypto Agenda Source: https://thenewscrypto.com/trumps-crypto-advisor-launches-300m-bitcoin-firm/
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