2025-05-10
David Bailey, a prominent crypto
adviser to former President Donald Trump, CEO of BTC Inc., the owner of
Bitcoin Magazine - has successfully raised $300 million to launch a publicly traded Bitcoin
investment firm named Nakamoto.
Bailey advised Donald Trump on crypto
policy during his 2024 presidential campaign.
The firm is set to go public this
summer through a reverse merger with a Nasdaq-listed company
The $300 million funding comprises $200
million in equity and $100 million in convertible debt.
Nakamoto plans to acquire and hold
Bitcoin as a core asset, mirroring the strategy of firms like MicroStrategy. Additionally,
it aims to invest in and acquire businesses globally, including in countries
such as Brazil, Thailand, and South Africa .
The firm intends to go public via a
reverse merger with a Nasdaq-listed company, with the merger announcement
expected soon and the public debut targeted for this summer.
By combining Bitcoin holdings with
global business acquisitions, Nakamoto seeks to offer investors diversified
exposure to both digital assets and international markets.
Bailey's initiative reflects a trend of
institutional interest in Bitcoin, with other firms like Twenty One Capital and
Strive Asset Management also have policies to invest in cryptocurrency market.
