Trump's close crypto ally David Bailey to launch $300 billion bitcoin investment company

David Bailey, US President Donald Trump’s key crypto advisor and CEO of BTC Inch, raised $300 million to launch a new bitcoin public investment company called Nakamoto.The company, a tribute to bitcoin’s mysterious creator Satoshi Nakamoto, plans to go public this summer. The entity is also said to announce a merger with a Nasdaq-listed firm, in a transaction expected to be declared in the upcoming week. According to a source quoted by CNBC, the fundraising round includes $200 million in equity and $100 million in convertible debt. The deal has reportedly been in motion since January.Nakamoto’s strategy is to focus on acquiring and holding bitcoin, with plans to buy and invest in companies across Brazil, Thailand and South Africa. The company is backed by a panel of renowned investors and an advisory board.The model is similar to that of Michael Saylor’s firm, Strategy (formerly MicroStrategy), which gained global attention after converting its reserves into bitcoin in 2020. Since then, its stock value has surged alongside bitcoin’s rise and is now one of the world’s largest bitcoin owners.Another similar venture is Jack Mallers’ company Twenty One, which has raised billions and is backed by SoftBank and Tether. Speaking to CNBC’s Crypto World, Mallers said, “What we really pride ourselves on is being blue-chip credibility with startup upside.” Mallers further explained that while they’re launching with billions in capital and a strong position to succeed, the company still is “mall enough to post bitcoin-denominated returns in what’s becoming a really competitive capital markets appetite for bitcoin exposure.”