David Bailey, CEO of BTC Inc., owner of Bitcoin Magazine, plans to launch a publicly available Bitcoin (BTC) Investing Company, citing people familiar with the issue.
Bailey, who advised Donald Trump on crypto policy during the 2024 presidential election, reportedly seeks $200 million through private share sales and an additional $100 million convertible debt.
The company, whose name is unknown yet, merged with BTC Inc. and named “Nakamoto” after Nakamoto, the creator of Bitcoin, according to people. The deal could be announced soon next week.
His plan, following the plans of several other companies, has rebranded as a Bitcoin strategic company, since holding Bitcoin as a major Treasury asset, since holding Bitcoin as a major Treasury asset, was able to drive the company’s share price over 3,000%, based on the success of strategy executive director Michael Saylor.
Last month, Powerhouses Softbank, Tether and Cantor Fitzgerald announced a $3.6 billion Bitcoin investment vehicle with the intention of purchasing Bitcoin. Today, Asset Management said it has merged with Asset Entities to become a Bitcoin asset management company.