Trump Ally Raises $300M for Bitcoin Push

David Bailey, CEO of BTC Inc. and key cryptocurrency advisor to President Donald Trump, has secured $300 million to launch a publicly traded Bitcoin investment company, joining a growing wave of institutional players seeking to capitalize on the maturing digital asset space.

The new venture, called Nakamoto after Bitcoin’s pseudonymous creator, will focus on acquiring and holding Bitcoin while also investing in global companies, positioning itself as a direct competitor to Michael Saylor’s Strategy in the increasingly crowded Bitcoin treasury race.

Strategic Advisor Joins Bitcoin Investment Rush

The $300 million fundraise, which has been in development since January, consists of $200 million in equity funding and $100 million in convertible debt, according to a person familiar with the matter who spoke to CNBC.

Bailey’s company is set to merge with an existing Nasdaq-listed company, with the transaction expected to be announced early next week. The public listing under a new ticker symbol is anticipated this summer, following the completion of regulatory requirements.

“No comment,” Bailey wrote in a May 7 post on X, apparently in response to news about the Bitcoin investment firm, according to Cointelegraph.

Beyond Simple Bitcoin Acquisition

Nakamoto plans to differentiate itself from other Bitcoin investment vehicles by pursuing a global acquisition strategy. The company will target businesses in diverse markets including Brazil, Thailand, and South Africa, according to sources familiar with the strategy.

These acquisitions will provide operational foundations for Nakamoto while allowing the company to deploy its Bitcoin holdings as part of its capital structure, creating a hybrid model that combines traditional business operations with Bitcoin treasury management.

The venture is reportedly backed by prominent investors and will feature an advisory board that includes several high-profile figures from the financial and cryptocurrency sectors, though specific names have not yet been disclosed.

Part Of Growing Institutional Wave

Bailey’s Nakamoto joins a recent surge of well-capitalized Bitcoin investment vehicles entering the market. Last month, Strike CEO Jack Mallers announced Twenty One Capital, a Bitcoin-focused company backed by stablecoin issuer Tether, SoftBank Group, and Cantor Fitzgerald.

Twenty One Capital launched with a $3.6 billion valuation and plans to acquire 42,000 Bitcoin, making it the third-largest corporate Bitcoin holder in the world behind Strategy and other major institutional players, according to Bitcoin Magazine.

The trend follows the path pioneered by Strategy (formerly MicroStrategy), which under Michael Saylor’s leadership has accumulated over 555,000 Bitcoin, transforming the company into a de facto Bitcoin holding company with its stock price closely tracking the cryptocurrency’s value.

Bailey’s Bitcoin Influence And Background

As CEO of BTC Inc., the parent company of Bitcoin Magazine and organizer of major cryptocurrency conferences, Bailey has established himself as a significant voice in the Bitcoin industry. He has been an active Bitcoin investor since 2012 and has played a key role in advancing cryptocurrency adoption.

Bailey’s influence extended to the political realm during the 2024 presidential campaign, where he advised then-candidate Trump on cryptocurrency policy matters. In February 2025, Bailey publicly predicted that Bitcoin could reach $1 million during Trump’s presidency, describing a fundamental shift in the global economic order through “hyperbitcoinization.”

“I see this happening so much faster than anyone can appreciate. Within 10 years, Bitcoin will become the reserve asset of the world,” Bailey stated in an appearance on the Hell Money Podcast, as reported by Bitcoin Magazine.

Strategic Timing Amid Pro-Crypto Administration

The launch of Nakamoto comes as the Trump administration has taken a decidedly pro-cryptocurrency stance. President Trump has established a Strategic Bitcoin Reserve and issued executive orders favorable to the industry during his first 100 days in office.

These policy shifts have created a hospitable environment for Bitcoin-focused businesses and investment vehicles, with several major players rushing to establish positions in the market. The administration’s support has contributed to Bitcoin’s price stability above $90,000 in recent months, despite occasional volatility.

Industry observers will be watching closely to see how Bailey’s Nakamoto positions itself against established competitors like Strategy and newcomers like Twenty One Capital in the race to accumulate Bitcoin and deliver returns to shareholders.