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Trump Crypto Adviser David Bailey in Talks to Launch Bitcoin Investment Company: The Information
Bailey, who advised President Donald Trump on crypto policy during his 2024 presidential campaign, is reportedly raising $300 million to buy bitcoin.
Updated May 8, 2025, 7:18 a.m. Published May 7, 2025, 8:46 p.m.
What to know:
- Bitcoin Magazine owner David Bailey is planning to launch a public bitcoin investment company called “Nakamoto,” The Information reported.
- Bailey is seeking $300 million in funding through private equity and convertible debt to buy bitcoin and take the company public.
- The move mirrors a growing trend of bitcoin-focused firms going public, following MicroStrategy’s lead and recent announcements from SoftBank and Strive.
David Bailey, CEO of BTC Inc., the owner of Bitcoin Magazine, is planning to launch a publicly traded investing company, The Information reported, citing people familiar with the matter.
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Bailey, who advised Donald Trump on crypto policy during his 2024 presidential campaign, is reportedly seeking $200 million through a private share sale and an additional $100 million in convertible debt to fund a small publicly traded firm to buy bitcoin.
The company—whose name is not known yet—will merge with BTC Inc. and be named “Nakamoto” after bitcoin creator Satoshi Nakamoto, according to the people. The deal could be announced as soon as next week.
His plans follow those of several other companies, building on the success of Strategy executive chairman Michael Saylor, who was able to push the company's stock price by over 3,000% since holding bitcoin as its main treasury reserve asset and rebranding it as a bitcoin strategy company.
Last month, powerhouses SoftBank, Tether and Cantor Fitzgerald announced a $3.6 billion bitcoin investment vehicle with the intention to buy bitcoin. Earlier today, Strive Asset Management said it was merging with Asset Entities to become a publicly traded bitcoin asset management company.
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Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying
Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.
Yang perlu diketahui:
- Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
- The rally coincided with significant spot BTC price premium on Coinbase.
- Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.
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