Trump Advisor’s Bitcoin Venture Aims for Public Listing
In a move that underscores the continued institutional interest in Bitcoin, David Bailey, CEO of crypto media company BTC Inc. and a close advisor to US President Donald Trump on digital assets, has reportedly raised $300 million for a new Bitcoin investment firm. The venture, named Nakamoto after the pseudonymous creator of Bitcoin, Satoshi Nakamoto, is aiming to become a publicly traded company focused on acquiring and holding the cryptocurrency, according to CNBC sources.
The funding round, which has been quietly in motion since January, includes $200 million in equity and $100 million in convertible debt. While the firm has not officially announced the raise, an official reveal and merger with a Nasdaq-listed company is expected as early as next week. The combined entity is set to go public this summer, per the report.
A Strategy Inspired by MicroStrategy
Nakamoto‘s strategy is modeled after companies like MicroStrategy, which under CEO Michael Saylor, transformed itself into a Bitcoin-holding powerhouse. The firm will invest in and acquire businesses globally, in countries such as Brazil, Thailand, and South Africa, while deploying Bitcoin as part of its capital structure.
The venture is reportedly backed by high-profile investors and includes an advisory board featuring several prominent figures from the financial and crypto sectors. Bailey’s move comes amid renewed enthusiasm for institutional Bitcoin investment, following a series of major fundraising announcements from firms like Twenty One and Strive Asset Management.
The Rise of Bitcoin-Focused Companies
On April 24, Twenty One Capital, led by Strike founder Jack Mallers with the support of Tether, SoftBank, and Cantor Fitzgerald, announced its ambition to supplant MicroStrategy as the “superior vehicle for investors seeking capital-efficient Bitcoin exposure.” On May 7, Strive Asset Management, founded by entrepreneur and former presidential candidate Vivek Ramaswamy, also revealed plans to transition into a Bitcoin treasury company. The firm is going public through a reverse merger and plans to use the combined company’s stock to accumulate Bitcoin. Once the deal closes, Strive plans to issue about $1 billion in equity and debt and use the proceeds to accumulate BTC.
“The pace of these new BTC companies launching is accelerating,” noted crypto influencer TylerD on X (formerly Twitter). This surge in Bitcoin-focused companies suggests a growing belief in the long-term potential of the cryptocurrency and its ability to serve as a store of value and a strategic asset for both institutional and individual investors.
The emergence of Nakamoto as a publicly traded company could further fuel this trend, potentially attracting a new wave of investors seeking exposure to the cryptocurrency through traditional financial markets.
