More companies bet on bitcoin, a Trump advisor enters the game with USD 300 million
The company will be called Nakamoto, after the creator of bitcoin (BTC), and will focus on the acquisition and holding of the digital asset.
David Bailey, CEO of the media group BTC Inc. and key cryptocurrency advisor to U.S. President Donald Trump, raised over 300 million dollars to launch a bitcoin (BTC) investment company.
The new firm is named "Nakamoto," in homage to the pseudonym of bitcoin's creator, Satoshi Nakamoto.
Company sources told the press that Nakamoto will focus on the acquisition and holding of BTC. Additionally, they announced that next week they will reveal a merger with a company (the name was not disclosed) that is part of the Nasdaq 100 index.
Companies that invest in BTC often gather large sums of money, combining capital from investors and loans, with the aim of buying and holding the asset for the long term.
By going public, their shares allow other investors to gain exposure to the price of BTC without needing to buy it directly.
