David Bailey, a Bitcoin advocate who advised US President Donald Trump in Crypto policy, announced plans to buy $ 762 million worth of Bitcoin earlier on Tuesday.
“Since entering Bitcoin, I’ve always dreamed of buying this $ 1 billion of Bitcoin in a single bid,” he Says on Monday. “Tomorrow, that dream is true.”
The amount will be purchased around 6,400 bitcoin (Btc) to current market prices.
Bailey added that the purchase will use a weighted average price (VWAP) approach, which destroys the big deal -following smaller trades to reduce interruption and interruption in the market, rather than a straight market purchase.
Bailey is the CEO of Bitcoin-Native Holdings Company Nakamoto Inc., and also co-founded the parenting company of the magazine of Bitcoin, BTC Inc.
“We have a one-of-a-kind approach to Nakamoto; once you see it in action, you will understand why we will be one of the leading bitcoin holders in the world,” he Says In another post, adding:
“We’re building a bitcoin juggernaut.”
Increasing Bitcoin awareness in the US
Bailey served as a counselor during the Trump president’s campaign and was credited to becoming a central figure in the president’s bitcoin pivot.
Earlier this month, he expressed ambitions To raise $ 200 million for a political action committee (PAC) to advance Bitcoin’s interests in the US.
“I learned a lot about politics and how this year’s game was played. I was thinking about increasing the $ 100M- $ 200m PAC, anchored by Nakamoto, to advance Bitcoin priorities,” he said at that time.
Related: Trump’s bitcoin mentor in BTC Treasury Strategies – and his wealth exploded
Nakamoto adopted Bullfrog as a mascot
Nakamoto changed his mascot to a bullfrog on Monday, with Bailey Explains It represents a “legendary wealth of wealth, a top predator, an invasive species, and willing to eat anything that grows our bitcoin every part.”
In June, the firm That -secure the $ 51.5 million in capital by a private placement in a public deal in equity, according to a statement from Merger Partner Kindly.
Corporate handling holders continue to climb
At least 17 organizations added Bitcoin to their Treasury In the past month, According to in data from bitcointreasuries.net.
The total number of public and private company Holding the asset now stands at 221, and together they have more than 1.24 million BTC.
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