Trump Ally Launches $300M Bitcoin Investment Firm “Nakamoto”

David Bailey, CEO of BTC Inc. and a crypto advisor to Donald Trump, has raised $300 million to launch a bitcoin-focused investment company called Nakamoto . The funds include $200 million in equity and $100 million in convertible debt , though the deal has not been officially announced yet. The company, named after bitcoin’s mysterious creator Satoshi Nakamoto, plans to become publicly traded through a merger with a Nasdaq-listed firm. That merger is expected to be revealed soon, with a public listing anticipated this summer. Nakamoto will focus on buying and holding bitcoin, as well as investing in companies globally — including in Brazil, Thailand, and South Africa — using bitcoin as part of its strategy. An advisory board of notable names in the crypto space will support the venture, according to a source familiar with the matter. This business model mirrors that of Michael Saylor’s MicroStrategy, which turned into one of the largest holders of bitcoin by converting cash reserves into the cryptocurrency starting in 2020. Another example is Jack Mallers’ firm Twenty One , backed by SoftBank and Tether, which also raised billions for bitcoin-related investments. Mallers described the approach as combining “blue-chip credibility” with “startup upside,” reflecting the rising interest in capital markets for bitcoin exposure through public vehicles.

Source: Coinpaprika