Key Takeaways
- David Bailey raised $300 million to launch a Bitcoin investment firm named Nakamoto.
- Nakamoto plans to go public via a reverse merger with a Nasdaq-listed company.
- The firm aims to acquire global businesses and hold Bitcoin in its capital structure.
David Bailey, CEO of BTC Inc. and a digital asset adviser to U.S. President Donald Trump, has raised $300 million for a new Bitcoin-focused investment firm named Nakamoto, according to reports from The Information and CNBC.
The funding round includes $200 million in equity and $100 million in convertible debt.
Plans for public debut
Nakamoto plans to go public through a reverse merger with a Nasdaq-listed company, with an official announcement expected as early as next week.
The merged entity is set to debut on public markets this summer.
Strategic approach
The firm’s strategy mirrors that of Michael Saylor’s Strategy, which pivoted into a Bitcoin holding company.
Nakamoto aims to acquire businesses globally, including in Brazil, Thailand, and South Africa, while using Bitcoin as a core part of its capital reserves.
Investor backing & advisory board
Bailey has not officially confirmed the news, posting “No comment” on X in response to the media coverage.
No comment
— David Bailey🇵🇷 $1.0mm/btc is the floor (@DavidFBailey) May 7, 2025
However, sources say the firm has already secured backing from major investors and is building an advisory board of prominent financial figures.
Rising institutional interest
The announcement comes as institutional interest in Bitcoin intensifies.
On April 24, Twenty One Capital, backed by Strike founder Jack Mallers and Tether, announced its own plans to provide capital-efficient Bitcoin exposure.
Days later, Strive Asset Management, linked to Vivek Ramaswamy, revealed its intention to transform into a Bitcoin treasury firm.
