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Trump's Closest Ally in Crypto to Establish Bitcoin Company: Seeking 100 Million Dollar! - Coin Bulletin
David Bailey, CEO of BTC Inc., the owner of Bitcoin Magazine, plans to establish a publicly traded Bitcoin (BTC) investment company.
David Bailey served as an advisor on cryptocurrency policies for Donald Trump's 2024 presidential campaign. Bailey is seeking $200 million in a private equity sale, as well as $100 million in convertible debt to finance this project. Although the name of the new company has not yet been announced, it is expected to merge with BTC Inc. and take the name "Nakamoto". This merger is anticipated to be announced next week.
Bailey's plans follow the success of Michael Saylor adopting Bitcpin as the main reserve asset and increasing the value of his company by 3,000%. Last month, SoftBank, Tether and Cantor Fitzgerald announced that they had launched a BTC investment vehicle worth $3.6 billion. Today, Strive Asset Management announced that it is merging with Asset Entities to establish a public Bitcoin asset management company.