David Bailey Secures $300 Million for Bitcoin Firm Nakamoto

David Bailey, CEO of BTC Inc. and a crypto advisor to Donald Trump, has raised $300 million—$200 million in equity and $100 million in convertible debt—to launch a publicly traded Bitcoin investment company named Nakamoto, honoring Bitcoin's creator. The firm will focus on acquiring and holding Bitcoin, and plans to merge with an existing Nasdaq-listed company, with a public listing expected this summer. Nakamoto intends to invest in and acquire companies globally, including in Brazil, Thailand, and South Africa, and is backed by notable investors and crypto industry figures. This approach follows a trend set by firms like MicroStrategy, which transformed itself into a major Bitcoin holding company, and mirrors recent large-scale Bitcoin investment initiatives by companies such as Jack Mallers' Twenty One and a SoftBank-backed vehicle. The move offers investors a new way to gain exposure to Bitcoin through publicly traded stock. An official announcement regarding Nakamoto is expected soon.