Trump's cryptocurrency advisor to launch a public investment company Nakamoto worth $300 million focused on Bitcoin

David Bailey, CEO of media group BTC Inc. and advisor to U.S. President Donald Trump on cryptocurrencies during the 2024 election campaign, is preparing to launch a public investment company focused on Bitcoin. This was reported by The Information citing sources related to the matter.

According to the publication, the total amount of raised funding is $300 million, of which $200 million will be the equity of the newly formed company obtained by selling shares to private investors, and $100 million will be convertible debt.

The new project, which has not yet been officially announced, will be named Nakamoto after the creator of Bitcoin, Satoshi Nakamoto, following a merger with BTC Inc. According to media reports, this will be a public company focused on buying and holding Bitcoin as its primary asset. The agreement to establish the company is expected to be announced later in May 2025, and a listing on the Nasdaq exchange will take place this summer.