$BTC

The CEO of BTC Inc., David Bailey, a prominent cryptocurrency advisor to President Donald Trump, plans to launch a publicly traded investment company based on Bitcoin.

According to reports from CNBC, Bailey has already secured $300 million in funding for the venture, while The Information reports that he is still seeking to raise funds through private equity and convertible bonds.

The financial package is expected to consist of $200 million in equity and $100 million in convertible bonds, with the equity intended for acquisitions and investments.