Trump crypto adviser David Bailey raises $300M for Bitcoin investment firm
David Bailey, CEO of BTC Inc., has raised $300 million to launch a Bitcoin investment firm named Nakamoto. The funding includes $200 million in equity and $100 million in convertible debt. An official announcement and merger with a Nasdaq-listed company are expected soon, with plans to go public this summer. Nakamoto will focus on acquiring and holding Bitcoin, investing in businesses globally, including in Brazil, Thailand, and South Africa. The venture is backed by notable investors and features an advisory board from the financial and crypto sectors. This initiative aligns with a trend of increased institutional interest in Bitcoin, as seen with other firms like Twenty One Capital and Strive Asset Management, which are also transitioning into Bitcoin-focused companies.
