David Bailey, a crypto advisor to former US President Donald Trump, has raised $300 million to launch a new Bitcoin$BTC investment firm called Nakamoto. The firm aims to become a publicly traded company focused on acquiring and holding Bitcoin, similar to MicroStrategy, which has become a significant Bitcoin-holding entity.

*Key Details:*

- *Funding:* $200 million in equity and $100 million in convertible debt

- *Launch:* Expected to go public this summer through a merger with a Nasdaq-listed company

- *Strategy:* Invest in and acquire businesses globally, deploying Bitcoin $BTC as part of its capital structure

- *Backing:* Supported by high-profile investors and advisors from the finance and crypto sectors

Bailey's move comes amid growing institutional interest in Bitcoin investments, with other firms like Twenty-One Capital and Strive Asset Management also investing heavily in Bitcoin. The firm plans to follow a similar path to MicroStrategy, which has seen significant growth in its stock value as Bitcoin's $BTC price rose ¹ ².#BTCBackto100K #BTCtrade #