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.”
As Nvidia’s stock continues its upward surge, company executives are preparing to cash in. CEO Jensen Huang is expected to sell up to $800 million worth of shares under a trading plan adopted earlier this year, marking his first such sale of 2025.
Fabio Panetta, head of the Bank of Italy and former European Central Bank executive, is pushing for the swift rollout of a digital euro, calling it Europe’s best answer to rising crypto risks and global regulatory fragmentation.
Telegram has successfully raised $1.7 billion in a bond offering that drew overwhelming investor interest, exceeding initial targets and signaling strong confidence in the platform’s growth trajectory.
The U.S. Securities and Exchange Commission has officially ended its legal battle with crypto exchange Binance, closing a major chapter in the regulatory crackdown on digital asset platforms.