Trump's former crypto advisor David Bailey is preparing to make a "big move" to buy $762 million worth of Bitcoin this week.

There’s big news in the Bitcoin world! David Bailey, who previously advised former U.S. President Trump on cryptocurrency policy, plans to make a large-scale purchase of Bitcoin through his company Nakamoto Inc. this week, aiming for around 6,400 coins, valued at $762 million.

Bailey stated, "Since the day I got into Bitcoin, I’ve dreamed of being able to buy $1 billion worth of BTC in one go. Although this time I’ve 'gathered' $762 million, rounding up makes it about $1 billion, right? 😂"

He will use a strategy called "Volume Weighted Average Price" (VWAP) to cleverly spread out his buy orders to avoid alarming the market—that is, he won’t just dump a huge order that would cause the price to skyrocket.

In addition to buying coins, Bailey has also been actively promoting Bitcoin awareness in the U.S. during this time, even planning to raise $100 million to $200 million through a Political Action Committee (PAC) to accelerate the advancement of Bitcoin-related policies.

It’s worth mentioning that the mascot of his company is the American Bullfrog, symbolizing himself as a "legendary hoarder of coins," both fierce and agile, ready to seize any opportunity that can enhance the value of the company's Bitcoin holdings.

Recently, the community of Bitcoin holders continues to grow, with 17 institutions adding to their holdings in just the past month. As of now, a total of 221 institutions hold over 1.24 million BTC.

The above content is for information sharing only and does not constitute any investment advice! Investment involves risks, and caution is advised when entering the market!

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