A New Bitcoin Giant? Trump Insider Prepares $300M Public Crypto Firm

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.

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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.”

Alexander Stefanov