Trump Crypto Adviser David Bailey Raises $300M for Bitcoin Investment Firm

David Bailey, CEO of BTC Inc., which owns Bitcoin Magazine, the Bitcoin Conference, and UTXO Management, has joined the train of firms that invest heavily in Bitcoin by raising $300 million to launch a publicly traded Bitcoin investment company.

David Bailey, who is also an advisor to President Donald Trump on crypto, will use the fund to open a Bitcoin reserve for his newly founded company, Nakamoto, which will acquire and hold Bitcoin.

The $300 million was raised through equity funding, which amounts to $200 million, and convertible debt, which amounts to $100 million.

Although the deal is yet to be announced, it has existed since January 2025.

Bailey’s Nakamoto, which is the pseudonym of Bitcoin creator Satoshi Nakamoto, is expected to announce its public listing this summer. Moreover, the company’s merger with an existing Nasdaq-listed company will be announced early next week.

The company, which boasts undisclosed prominent investors and respected individuals on its advisory board, aims to expand to more crypto-enabling areas, including Brazil, Thailand and South Africa.

More Firms Are Investing in Bitcoin

Unarguably, the huge amount of Bitcoin that many companies buy, often through equity funding and convertible debt, and hold for a long time, affirms that Bitcoin is seen as a store of value.

For example, Michael Saylor’s MicroStrategy, now Strategy, started its Bitcoin reserve strategy on August 11, 2020, when the company bought 21,454 bitcoins for approximately $250 million.

Since then, Strategy has added thousands of BTCs to its reserve. Its latest acquisition is 15,355 BTC for $1.42 billion, which the company bought between April 21 and 27. As of May 5, 2025, the company currently owns 555,450 Bitcoins.

Likewise, Japan’s Metaplanet recently purchased 555 Bitcoin, marking the company’s continuous strategic accumulation and bringing its total holdings to 5,555 BTC.

Metaplanet ventured into Bitcoin on May 13, 2024, when the company bought 117 BTC. Similarly, Semler Scientific and BlackRock are also increasing their Bitcoin reserves.

Bitcoin Price Surges Amid Pause on Tariff War

The price of Bitcoin is heading towards $100k as the United States of America and China are negotiating, instead of retaliating against the tariff hike.

According to the BBC, US and Chinese officials are expected to start talking this week to find a lasting solution to the trade war between the world’s two biggest economies.

Chinese Vice Premier He Lifeng, US Treasury Secretary Scott Bessent, and US Trade Representative (USTR) Jamieson Greer will meet in Switzerland from 9 to 12 May to discuss the way forward.

Adding more to this bullish narrative, Binance co-founder and former CEO Changpeng Zhao (CZ) recently predicted that Bitcoin price could reach between $500,000 and $1 million in the current market cycle.

He cited the influence of growing institutional adoption, Bitcoin ETFs, and favourable regulatory changes in the US.

Similarly, Arthur Hayes, the Co-founder of BitMEX and CIO of Maelstrom, also said that Bitcoin’s value could potentially reach $1 million by the end of 2028.