Trump Advisor Raises $300 Million for Bitcoin Investment Firm Nakamoto

David Bailey, CEO of BTC Inc. and crypto advisor to Donald Trump, has raised $300 million to establish a bitcoin-focused investment company named Nakamoto. The funding comprises $200 million in equity and $100 million in convertible debt, though the deal remains unannounced.

Nakamoto aims for a public listing via a merger with a Nasdaq-listed firm, expected to be revealed soon, with a target for summer.

The company will focus on:

Buying and holding bitcoin
Investing globally, including in Brazil, Thailand, and South Africa

An advisory board with notable crypto figures will support the venture. This model parallels Michael Saylor’s MicroStrategy, which has become a major bitcoin holder by converting cash reserves into the cryptocurrency since 2020. Jack Mallers’ firm, Twenty One, also raised significant funds for bitcoin investments.

Mallers noted this approach merges "blue-chip credibility" with "startup upside," reflecting growing market interest in bitcoin through public investment vehicles.