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Bailey's Crypto Venture Plans to IPO and Seek Global Bitcoin Acquisitions

Crypto

Business Honor
08 May, 2025

Trump adviser David Bailey launches $300M crypto firm Nakamoto to invest heavily in Bitcoin.

David Bailey, the CEO of the crypto currency media company BTC Inc. and a digital asset advisor to Donald Trump, is launching a new investment company called Nakamoto that focuses on Bitcoin. The firm has reportedly raised $300 million, with $200 million in equity and $100 million in convertible debt, to buy and hold Bitcoin.

Named after Satoshi Nakamoto, Bitcoin’s mysterious creator, the company plans to become publicly traded through a merger with a company already listed on NASDAQ, possibly as soon as this summer. Nakamoto’s strategy is inspired by MicroStrategy, the firm led by Michael Saylor that has become known for putting Bitcoin on its balance sheet. Bailey’s firm also plans to acquire businesses globally in countries like Brazil, Thailand, and South Africa while using Bitcoin as part of its financial structure.

Though Bailey hasn’t confirmed the news, he posted “No comment” on X (formerly Twitter) on May 7, likely in response to the reports. Nakamoto is reportedly backed by high-profile investors and has built an advisory board with big names from finance and crypto. The move adds to a growing wave of institutional interest in Bitcoin.

Other firms are making similar plays. Twenty One Capital, backed by Tether and SoftBank, wants to be a leading Bitcoin investment company. Strive Asset Management, headed by Vivek Ramaswamy, and recently announced its plan to keep Bitcoin as a capital asset. As institutional money flows in, it’s clear that Bitcoin is back in the spotlight, and some major players are betting big.