Trump's advisor on digital currencies raises $300 million to establish an investment company focusing on Bitcoin

Reports have indicated that David Bailey, the CEO of BTC Inc. and a close advisor to President Donald Trump on digital assets, has raised $300 million to establish a new investment company focusing on Bitcoin under the name Nakamoto.

According to CNBC, the new company, named after the mysterious inventor of Bitcoin 'Satoshi Nakamoto', aims to become a publicly listed company focusing on acquiring and holding Bitcoin as a primary investment asset.