In a bold move that’s stirring the crypto world, David Bailey, crypto adviser to U.S. Presidential candidate Donald Trump, has revealed plans to purchase a massive $762 million worth of Bitcoin this week via Nakamoto Inc.
That’s roughly 6,400 BTC, based on the current market price of around $118,936 per BTC.
Strategic Buying – Not Just Hype
Bailey clarified that the "$1 billion" figure floating around was a generous round-up, and the actual target is $762M. Importantly, the purchase will be made using a VWAP (Volume Weighted Average Price) strategy.
What does this mean?
The buy will be split into smaller trades.
Designed to minimize market impact and slippage.
Suggests serious, calculated accumulation rather than a simple pump.
Why It Matters:
Institutional-level buying pressure is often seen as bullish.
Trump’s increasing association with crypto may become a key election narrative.
This move could attract other big players to accumulate BTC ahead of potential political shifts.
Is this the beginning of a Bitcoin buying spree from political insiders? Share your thoughts in the comments!
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DYOR
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