Crypto media firm BTC Inc. CEO and a close crypto adviser to President Donald Trump, David Bailey, has reportedly secured $300 million to launch a new Bitcoin investment firm.
The venture, called Nakamoto after Bitcoin’s mysterious creator Satoshi Nakamoto. Nakamoto plans to go public with a focus on acquiring and holding cryptocurrency, CNBC reported, according to sources cited by CNBC.
CNBC source told that the funding round, which has been quietly underway since January, includes $200 million in equity and another $100 million in convertible debt.
Bitcoin firm eyes Nasdaq merger
The company has yet to officially announce the raise, but it expects to reveal and merge with a Nasdaq-listed company as soon as next week. Additionally, the report states that the combined entity will go public this summer.
Bailey simply wrote “No comment” in a post on X on May. 7, likely in response to the news about the Bitcoin investment firm. Nakamoto’s strategy is based on the approach of companies like Strategy, which became a Bitcoin powerhouse under Michael Saylor.
The firm will invest in and acquire businesses worldwide, including in countries like Brazil, Thailand, and South Africa, while using Bitcoin as part of its capital structure.
Bitcoin’s institutional power play
The venture is reportedly supported by high-profile investors and has an advisory board with several prominent figures from the financial and crypto sectors.
Bailey’s move comes as interest in institutional Bitcoin investment grows, following major fundraising announcements from firms like Twenty One and Strive Asset Management.
On Apr. 24, Twenty One Capital, led by Strike founder Jack Mallers and supported by Tether, SoftBank, and Cantor Fitzgerald, announced its intention to replace Saylor’s strategy as the “superior vehicle for investors seeking capital-efficient Bitcoin exposure.”
On May. 7, Strive Asset Management, founded by entrepreneur and former presidential candidate Vivek Ramaswamy, revealed plans to pivot into a Bitcoin treasury company.
