David Bailey raises $300 million for Bitcoin investment company Nakamoto, expected to go public.

From Yahoo Finance: 2025-05-11 07:19:00

Crypto entrepreneur David Bailey raised $300 million for a publicly traded Bitcoin investment company, Nakamoto, merging with BTC Inc. Company focuses on buying and holding Bitcoin, expected to go public this summer with $200 million in equity and $100 million in convertible debt.

Bailey, CEO of BTC Inc. and owner of Bitcoin Magazine, predicted Bitcoin could hit $1 million in the next four years. His firm follows MicroStrategy’s example, now known as Strategy, with 555,450 BTC worth $57 billion on its balance sheet.

Bitcoin was trading at $103,537 as per Kraken’s price feed, nearing $105,000 on May 10. Trump’s positive comments on U.S.-China relations contributed to the rise. Bailey’s new company is poised to make an impact in the cryptocurrency investment space.



Read more at Yahoo Finance: Trump advisor David Bailey plans to launch $300 million investment firm