David Bailey, CEO of the media group BTC Inc. and advisor to U.S. President Donald Trump on cryptocurrency during the 2024 election campaign, plans to launch a public investment company named Nakamoto focused on Bitcoin. According to reports, the total amount of raised funding will be $300 million.
This is reported by Business • Media
Of this amount, $200 million will constitute the equity of the newly established company, obtained through the sale of shares to private investors, while $100 million will be in the form of convertible debt. The project, which has not yet been officially announced, will be named Nakamoto in honor of Bitcoin’s creator, Satoshi Nakamoto, and will be a public company specializing in the purchase and storage of Bitcoin as its primary asset.
Company Launch and Future Plans
Details of the deal are expected to emerge later in May 2025, with a listing on the Nasdaq stock exchange anticipated this summer.
“This will be a public company that invests exclusively in Bitcoin and related assets,” an anonymous source confirmed, detailing the agreement.
According to information, Nakamoto intends to acquire companies in various countries, including Brazil, Thailand, and South Africa, with further capital infusion in Bitcoin. Influential figures from the finance and cryptocurrency sectors will join Nakamoto’s advisory board.
Following the Example of Other Companies
Bailey’s project follows the example of Michael Saylor, executive chairman of the company Strategy, which was the first to transform itself into a Bitcoin company by converting its reserves into cryptocurrency back in 2020. Strategy currently holds over half a million Bitcoins. Notably, during the Strategy World event, Saylor reported that the company’s Bitcoin holdings, which exceeded $52 billion, were more than 200 times greater than the initial investment of $250 million made five years ago.
Analysts at Bernstein predict that corporate investments in Bitcoin could reach $330 billion by 2029.