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Trump crypto adviser David Bailey raises $300M for Bitcoin investment firm
By: the crypto news wire|2025/05/08 16:15:04
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Bailey’s Bitcoin investment firm, Nakamoto, is reportedly set to go public after raising $300 million, joining a wave of new players entering the crypto space. David Bailey, CEO of crypto media company BTC Inc. and a close adviser to US President Donald Trump on digital assets, has reportedly raised $300 million to launch a new Bitcoin investment firm. The venture, named Nakamoto after the pseudonymous creator of Bitcoin , Satoshi Nakamoto, aims to become a publicly traded company focused on acquiring and holding the cryptocurrency, CNBC reported , citing people familiar with the matter. The Information was first to cover the story. The funding round, which has been quietly in motion since January, includes $200 million in equity and $100 million in convertible debt, a source familiar with the matter told CNBC. Read more
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