David Bailey, CEO of crypto media firm BTC Inc. and a key U.S. adviser, reportedly raised a total of $300 million. President Donald Trump on digital assets, to establish a new Bitcoin-focused investment company.
After successfully raising $300 million, Bailey’s Bitcoin investment firm, Nakamoto, is reportedly preparing to go public, joining a growing group of entrants in the cryptocurrency sector.
The venture, named Nakamoto in reference to Bitcoin’s pseudonymous creator Satoshi Nakamoto, is intended to become a publicly listed firm dedicated to acquiring and holding the cryptocurrency, according to sources cited by CNBC. The story was initially reported by The Information.
According to a source cited by CNBC, the funding round—underway discreetly since January—has comprised $200 million in equity and $100 million in convertible debt.
Although the firm has not formally disclosed the capital raise, we anticipate an official announcement and a merger with a Nasdaq-listed company as early as next week. According to the report, the resulting entity should go public during the summer.
On May 7, Bailey posted “No comment” on X, appearing to address the news surrounding the Bitcoin investment firm.
New Bitcoin-Focused Companies Are Emerging Rapidly
Nakamoto modeled its strategy after firms like Strategy, which Michael Saylor transformed into a major Bitcoin-holding entity.
The firm expects to invest in and acquire businesses across various countries, including Brazil, Thailand, and South Africa, incorporating Bitcoin into its capital structure.
Notable investors reportedly support the venture, and an advisory board composed of several distinguished individuals from the financial and cryptocurrency industries accompanies it.
Bailey’s initiative arrives during a period of revived interest in institutional Bitcoin investment, following significant fundraising disclosures from firms such as Twenty One and Strive Asset Management.
On April 24, Twenty One Capital—headed by Strike founder Jack Mallers and backed by Tether, SoftBank, and Cantor Fitzgerald—announced efforts were underway to surpass Saylor’s Strategy and establish itself as the “superior vehicle for investors pursuing capital-efficient Bitcoin exposure.”
On May 7, Strive Asset Management, which entrepreneur and former presidential candidate Vivek Ramaswamy founded, disclosed plans to transition into a Bitcoin treasury firm.
The firm is utilizing a reverse merger to go public, and it intends to use the stock of the merged entity for Bitcoin accumulation. Upon transaction completion, Strive expects to issue approximately $1 billion in equity and debt, allocating the proceeds toward acquiring BTC.
Crypto influencer TylerD, in a post on X, noted that new BTC-focused companies are launching at an increasing rate.
