David Bailey, a key cryptocurrency advisor to President Donald Trump and CEO of BTC Inc., has secured $300 million to establish a publicly traded bitcoin investment firm. The company, named Nakamoto, will focus on acquiring and holding bitcoin assets.
Bailey Raises $300 Million for Nasdaq-Listed Nakamoto
The venture, which has been under development since January, includes $200 million in equity financing and $100 million in convertible debt, according to a source familiar with the matter. Nakamoto will go public through a merger with an existing Nasdaq-listed company, with an announcement expected early next week. A public listing is planned for this summer.
Global Strategy to Acquire Companies and Deploy Bitcoin
Nakamoto aims to invest its bitcoin holdings into businesses across countries like Brazil, Thailand, and South Africa. The initiative is backed by a group of high-profile investors and an advisory board featuring prominent industry figures.
Bitcoin Investment Firms Gaining Momentum
Firms dedicated to bitcoin investment often raise large capital pools through equity and debt to buy and hold bitcoin. These companies provide an alternative method for investors to gain exposure to bitcoin’s price movements through stock markets.
Model Inspired by Industry Leaders
Michael Saylor, founder of Strategy (formerly MicroStrategy), was an early adopter of the model, converting his firm’s reserves into bitcoin starting in 2020. This pivot transformed the software firm into a major bitcoin holder, significantly boosting its market value.
Similarly, Jack Mallers, creator of the Strike payment app, has attracted billions for his venture Twenty One, which is supported by SoftBank and Tether. “We pride ourselves on being blue-chip credibility with startup upside,” Mallers told CNBC. “We’re entering the market with billions in capital while staying agile enough to post bitcoin-denominated returns in an increasingly competitive landscape.”
Will This Shape a New Era for Bitcoin Investment?
As capital market interest in crypto intensifies, ventures like Nakamoto could redefine how institutional investors approach bitcoin investment. Will this new model gain widespread traction?
