8th May 2025 – (New York) David Bailey, the CEO of BTC Inc. and a notable crypto advisor to President Donald Trump, has successfully raised $300 million to establish a publicly traded Bitcoin investment company, as confirmed by CNBC.

The funding for this new venture, named Nakamoto in honour of the mysterious Bitcoin creator Satoshi Nakamoto, comprises $200 million in equity and an additional $100 million in convertible debt. This development marks a significant step in the expanding realm of Bitcoin-focused public enterprises, aligning with the launch of other notable entities such as Twenty One, the SoftBank-supported firm led by Jack Mallers.

The plan for Nakamoto involves concentrating on the acquisition and retention of Bitcoin assets. Sources close to the matter, seeking anonymity as the official announcement is pending, revealed that the initiative has been in progress since January. Initial coverage of this fundraising endeavour was provided by The Information.

Nakamoto’s strategy involves merging with an already listed Nasdaq company, with an official announcement expected in the early part of the forthcoming week. The company anticipates its public listing to occur during the summer months.

This investment endeavour is designed to span across various global regions, with plans to target companies in nations like Brazil, Thailand, and South Africa for Bitcoin investment and acquisition. Notable investors are reported to be backing this initiative, with a distinguished advisory board featuring prominent personalities in the crypto sphere.

Firms specialising in bitcoin investments often raise substantial capital, combining equity and debt instruments to amass Bitcoin holdings. By trading their stock, these entities provide investors with an additional avenue to engage in speculative ventures tied to the fluctuating value of Bitcoin.

Michael Saylor, the founder of Strategy (formerly MicroStrategy), pioneered this investment approach by converting the company’s cash reserves into bitcoin starting in 2020. This strategic move not only transformed the software enterprise into a significant Bitcoin holder but also bolstered the value of its stock in tandem with bitcoin’s upward trajectory. Currently, Strategy stands as one of the foremost Bitcoin holders globally.

Jack Mallers, renowned for his creation of the Strike payments app, has also made waves in the Bitcoin investment realm with his venture Twenty One. Supported by SoftBank and Tether, Mallers emphasised the company’s blend of reliability and growth potential, aiming to deliver Bitcoin-denominated returns in a competitive market eager for Bitcoin exposure.