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.”
The slow dismantling of Sam Bankman-Fried’s crypto empire continues, with defunct firms FTX and Alameda Research quietly shifting another $10.3 million in Solana (SOL) as part of their asset liquidation plan.
Gold’s relentless climb in 2025 shows no sign of slowing. Spot prices burst above $3,400 this week—within striking distance of April’s record near $3,500—after renewed hostilities in the Middle East rattled global markets.
Washington is gearing up for a grand $45 million military parade on June 14, 2025, marking two milestones: the U.S. Army’s 250th anniversary and Donald Trump’s 79th birthday.
As Warren Buffett edges closer to ending his six-decade reign at Berkshire Hathaway, the legendary investor has tightened his focus, placing nearly $197 billion into just a handful of stocks.