Trump Cryptocurrency Adviser David Bailey in Talks to Launch Bitcoin Investment Firm: Info
Author: Helen Brown | Edited by: Stephen Alpher Updated: May 8, 2025, 7:18 AM Published: May 7, 2025, 8:46 PM
David Bailey, CEO of BTC Inc. and owner of Bitcoin Magazine, is planning to launch a public company to invest in bitcoin (BTC), The Information reports, citing people familiar with the matter.
Bailey, who advised Donald Trump on cryptocurrency policy during his 2024 presidential campaign, is reportedly seeking to raise $200 million through private stock sales and another $100 million in convertible debt to fund a small public company that aims to invest in bitcoin.
The company’s name is not yet known, but it will merge with BTC Inc. and be called “Nakamoto” after Bitcoin creator Satoshi Nakamoto, the sources said. The deal could be announced as early as next week.
His plans are in line with those of several other companies, building on the success of Strategy Chairman Michael Saylor, who has seen his company’s stock price increase more than 3,000% since making bitcoin his primary treasury reserve asset and renaming it the Bitcoin Strategy Company.
Last month, major companies including SoftBank, Tether, and Cantor Fitzgerald announced the creation of a $3.6 billion bitcoin investment vehicle to acquire bitcoin. Earlier today, Strive Asset Management announced it was merging with Asset Entities to form a publicly traded bitcoin asset management company.
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