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🇺🇸 Trump advisor David Bailey raises over $700 million for new $BTC treasury company called Nakamoto.
David Bailey, a Trump advisor and CEO of BTC Inc., raised $700 million for Nakamoto, a new Bitcoin treasury company, surpassing the initially reported $300 million from a May 7, 2025, article, signaling strong investor confidence Bitcoin's future.
The company, named after Bitcoin's pseudonymous creator Satoshi Nakamoto, plans to acquire global firms in Brazil, Thailand, and South Africa, using Bitcoin investments to fuel growth, a strategy inspired by MicroStrategy’s successful Bitcoin reserve model since 2020.
This development aligns with Trump’s March 2025 Executive Order for a Strategic Bitcoin Reserve, but his personal crypto ventures, like World Liberty Financial, have raised conflict-of-interest concerns, stalling related legislation like the GENIUS Act,