David Bailey, CEO of BTC Inc., the owner of Bitcoin magazine, plans to launch an investment company in Bitcoin (BTC) listed, the information reported, citing people familiar with the issue.
Bailey, who advised Donald Trump on crypto policy during his presidential campaign in 2024, will look for $ 200 million thanks to a private share sale and an additional $ 100 million in debt to finance a small listed business to buy Bitcoin.
The company – whose name is not yet known – will merge with BTC Inc. and will be called “Nakamoto” after the creator of Bitcoin Satoshi Nakamoto, according to people. The agreement could be announced next week.
His plans follow those of several other companies, based on the success of the President of the Strategy, Michael Saylor, who was able to push the course of the company’s action by more than 3,000% since Bitcoin has owned its principle of reserve of the Treasury and renamed it as a Bitcoin strategy company.
Last month, Powerhouses SoftBank, Tether and Cantor Fitzgerald announced a Bitcoin investment vehicle of $ 3.6 billion with the intention of buying Bitcoin. Earlier in the day, Strive Asset Management said that he merges with asset entities to become a Bitcoin asset management company listed in the balance sheet.
