$BTC Trump's Crypto Advisor Raises $300 Million to Establish Bitcoin Investment Company

Written by: Yueqi Yang

Compiled by: Block unicorn

According to insiders, David Bailey, who provided cryptocurrency policy advice during Donald Trump's presidential campaign in 2024, is raising $300 million to plan the launch of a publicly listed Bitcoin investment company. He is following a series of companies that have purchased cryptocurrencies, attempting to replicate the success of Michael Saylor's Strategy, which has transformed into a Bitcoin investment company.

Bailey raised $200 million through a private placement of new shares and issued $100 million in convertible bonds for a small publicly listed company. The company name has not been disclosed. Insiders said this funding will be used to purchase Bitcoin.

Bailey is the CEO of BTC Company, which owns Bitcoin Magazine, Bitcoin Conference, and UTXO Management Company (a cryptocurrency investment firm). Insiders say BTC Company will eventually merge with a Nasdaq-listed shell company. According to one of them, the company will be renamed Nakamoto in honor of Bitcoin's anonymous creator, Satoshi Nakamoto.

Trump delivered an important cryptocurrency speech at the Bitcoin Conference in Nashville last July. Bailey stated that he and his team worked with Trump's campaign team to develop cryptocurrency policy and assist in fundraising.$BTC