David Bailey, known for his close ties to Donald Trump on crypto policy, is preparing to launch a major Bitcoin investment vehicle named Nakamoto, backed by $300 million in funding.
The company plans to go public via a reverse merger and use the proceeds to accumulate BTC on a large scale.
The capital—split between $200 million in equity and $100 million in convertible debt—has been quietly raised since January, according to people familiar with the plans. The deal could be announced as early as next week, with a summer listing on Nasdaq expected.
Unlike traditional investment firms, Nakamoto will take a page from Bitcoin-native corporate strategies, following in the footsteps of entities like MicroStrategy by using BTC as a treasury asset and core business model. The firm also plans to explore acquisitions in emerging markets such as Brazil, South Africa, and Thailand.
The project has drawn high-profile backers and is forming a heavyweight advisory board from across crypto and finance. While Bailey hasn’t formally acknowledged the initiative, a brief “no comment” on X suggests the reports are accurate.
Nakamoto’s arrival adds to a wave of Bitcoin-centric firms hitting the market. Twenty One Capital, backed by players like Tether and SoftBank, and Strive Asset Management, co-founded by Vivek Ramaswamy, have both recently unveiled similar strategies, each aiming to become the next institutional gateway to Bitcoin.
As crypto influencer TylerD put it: “We’re watching a new generation of BTC-first companies take shape—and they’re moving fast.”
Jefferies chief market strategist David Zervos believes an upcoming power shift at the Federal Reserve could benefit U.S. equity markets.
Anchorage Digital, a federally chartered crypto custody bank, is urging its institutional clients to move away from major stablecoins like USDC, Agora USD (AUSD), and Usual USD (USD0), recommending instead a shift to the Global Dollar (USDG) — a stablecoin issued by Paxos and backed by a consortium that includes Anchorage itself.
Ethereum co-founder Vitalik Buterin has voiced concerns over the rise of zero-knowledge (ZK) digital identity projects, specifically warning that systems like World — formerly Worldcoin and backed by OpenAI’s Sam Altman — could undermine pseudonymity in the digital world.
A new report by the European Central Bank (ECB) reveals that digital payment methods continue to gain ground across the euro area, though cash remains a vital part of the consumer payment landscape — particularly for small-value transactions and person-to-person (P2P) payments.