#BTCBackto100K
Trump Advisor Unveils New Bitcoin Investment Firm with $300 Million Backing
David Bailey, a top cryptocurrency advisor to former President Donald Trump and CEO of BTC Inc., has launched a new Bitcoin investment firm named Nakamoto, in tribute to Bitcoin’s creator, Satoshi Nakamoto. The venture has secured $300 million in funding—$200 million in equity and $100 million in convertible debt—according to reports from CNBC and Al Arabiya Business.
The firm will adopt a Bitcoin-centric investment strategy modeled after Michael Saylor's MicroStrategy, focusing on acquiring and holding Bitcoin as a core asset.
Nakamoto is preparing to merge with a Nasdaq-listed company, with the deal expected to be announced early next week. The firm is projected to go public later this summer.