David Bailey has been reported to have raised $300 million for a Bitcoin Investment Firm. He is the CEO of BTC Inc. a crypto media firm and close advisor to US president Donald Trump.
Nakamoto, the venture named after the Japanese inventor. pseudonymous creator of BitcoinSatoshi, Nakamoto, wants to be a publicly-traded company focusing on buying and holding cryptocurrency. CNBC reportedCiting people with knowledge of the issue. The Information I was the first reporter to report on this story.
CNBC reported that the funding round was quietly underway since January. It included $200 million of equity and 100 million dollars in convertible debt.
Although the company hasn’t officially announced its raise, a reveal of the merger will be made next week. According to the report, this combined company is expected to be listed on Nasdaq by summer.
“No comment,” Bailey responded to the Bitcoin news in a 7 May post at X.BTC( Investment company)
Related: Texas House committee passes Bitcoin reserve bill for full floor vote
Bitcoin companies are expanding.
Nakamoto’s strategy was modeled after that of Strategy, a company which under Michael Saylor transformed into a Bitcoin holding powerhouse.
Bitcoin is a key part of their capital structure. They will acquire and invest in businesses in Brazil, Thailand and South Africa.
According to reports, the venture has been backed by prominent investors. It also includes a board of advisors that include several notable figures in the crypto and financial sectors.
Bailey’s action comes at a time of renewed excitement for Bitcoin investments by institutions, after a number of large fundraising announcements made by companies like Twenty One Asset Management.
Related: Trump-linked Strive files for ‘Bitcoin Bond’ ETF
Twenty One Capital announced on April 24 that it had been acquired by Tether. SoftBank, Cantor, and Cantor. looking to supplant Saylor’s Strategy The Become “superior vehicle for investors seeking capital-efficient Bitcoin exposure.”
Strive Asset Management was founded on May 7 by Vivek RAMASWAMY, a former presidential candidate and entrepreneur. He also announced plans to transform into a Bitcoin Treasury Company.
Strive plans to go public via a reverse merge and use its combined stock to acquire Bitcoin. Strive intends to use $1 billion worth of debt and equity to acquire Bitcoin once the deal is closed.
“The pace of these new BTC companies launching is accelerating,” crypto influencer TylerD said Posting on X.
Magazine: Bitcoin’s $100K push wakes taxman, Vitalik visits real Moo Deng: Asia Express
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Source: cointelegraph.com
