Trump Crypto Advisor David Bailey in conversations to launch BTC Investment Company: The Information
David Bailey, CEO of BTC Inc., owned by Bitcoin Magazine, is planning to launch a company that is investing in Bitcoin (BTC), information reported, citing people familiar with this matter.
Bailey, who advised Donald Trump to the Crypto policy during his 2024 president’s campaign, was reported seeking $ 200 million through a private sharing sale and an additional $ 100 million in replaced debt to fund a small public exchanged company to buy Bitcoin.
The company – whose name is unknown – will include BTC Inc. and named “Nakamoto” after Bitcoin’s creator Satoshi Nakamoto, according to the people. The deal may be expressed as soon as possible next week.
His plans are following many other companies, who are building the success of the approach to executive chairman Michael Saylor, who has been able to push the company’s stock price by more than 3,000% since the hold of Bitcoin as the main owner of the Treasury reserve and re -arrangement as a Bitcoin strategy company.
Last month, Powerhouse Softbank, Tether and Cantor Fitzgerald announced A $ 3.6 billion investment vehicle in Bitcoin with the intention of buying bitcoin. Earlier today, the asset management will work said it was combined with asset entities to become a public exchanged by the Bitcoin asset management company.
