According to sources, David Bailey, who previously supported Donald Trump in shaping crypto policies during the 2024 election, is in the process of establishing a public bitcoin investment firm called “Nakamoto.” He aims to secure $300 million, combining private equity investments and convertible debt, to fund the purchase of bitcoin and facilitate the company’s public debut.

Key Details:

• The firm will merge with BTC Inc., the owner of Bitcoin Magazine.
• This initiative reflects a broader trend where bitcoin-centric companies are going public, inspired by MicroStrategy’s strategy and block investments from firms like SoftBank and Strive.

As Bailey progresses with this venture, it aims to replicate the success of other bitcoin-focused firms amidst growing institutional interest.