David Bailey is preparing to launch Nakamoto with $300 million raised.
The company will focus on acquiring and storing the first cryptocurrency as its main asset.
Its stock market debut is scheduled for the summer of this year.
David Bailey, CEO of the media group BTC Inc. and advisor to U.S. President Donald Trump on cryptocurrency issues 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.
The total amount of funding raised by him was $300 million, of which $200 million will be the equity of the newly created company, obtained by selling shares to private investors, and $100 million will be in the form of convertible debt, according to the publication.
The new project, which has not yet been officially announced, will be named Nakamoto after the creator of Bitcoin, Satoshi Nakamoto, following its merger with BTC Inc. The company will be public, focused on purchasing and storing Bitcoin as its main asset, according to the media.
The agreement to create the company is expected to be announced later in May 2025, and the listing on the Nasdaq exchange will take place this summer.
‘This will be a public company that will invest exclusively in Bitcoin and related assets,’ noted an anonymous source, confirming details of the deal that has been in the works since January 2025.
According to a source, Nakamoto plans to acquire companies worldwide, particularly in Brazil, Thailand, and South Africa, with subsequent capital injections in the form of Bitcoin.
Moreover, influential figures from the world of finance and cryptocurrencies will join the advisory board of Nakamoto, according to the material.
Bailey's project follows the example of Michael Saylor - the CEO of Strategy (formerly MicroStrategy), which was the first to transform itself into a Bitcoin company by converting cash reserves into cryptocurrency back in 2020. Strategy currently holds more than half a million Bitcoins on its balance sheet.
It is worth noting that during the Strategy World event, Saylor remarked that the company’s Bitcoin holdings of over $52 billion have exceeded the initial investment of $250 million five years ago by more than 200 times.
Recall that Bernstein analysts predicted that corporate sector investments in Bitcoin could reach $330 billion by 2029.
