Saleem-786
--
David Bailey, who advises former President Donald Trump on cryptocurrency, says his company Nakamoto Inc. plans to buy around $760 million worth of Bitcoin on August 12.
The purchase will use a method called volume-weighted average price, which spreads out buying to avoid moving the market too much.
Some reports say the total could be as high as $762 million.
Bailey hasn’t said where the money is coming from.
No details yet on how the Bitcoin will be stored.
No official filings have been released to confirm the deal.
Bailey says the goal is to grab a big chunk of Bitcoin’s limited supply. But without more info, it’s unclear how real or official the plan is.
#DavidBailey
#DonaldTrump
#Bitcoin
The purchase will use a method called volume-weighted average price, which spreads out buying to avoid moving the market too much.
Some reports say the total could be as high as $762 million.
Bailey hasn’t said where the money is coming from.
No details yet on how the Bitcoin will be stored.
No official filings have been released to confirm the deal.
Bailey says the goal is to grab a big chunk of Bitcoin’s limited supply. But without more info, it’s unclear how real or official the plan is.
#DavidBailey
#DonaldTrump
#Bitcoin
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0