BTC Inc. CEO Plans $300 Million Bitcoin Investment Venture

David Bailey, the CEO of BTC Inc., which owns Bitcoin Magazine, is in discussions to launch a new bitcoin investment company that will be publicly traded. According to sources familiar with the matter, Bailey is aiming to raise $200 million through a private share sale and an additional $100 million in convertible debt to fund this venture. The new company, which has not yet been named, is set to merge with BTC Inc. and will be called "Nakamoto," a nod to the pseudonym of bitcoin's creator, Satoshi Nakamoto. The announcement of this deal is expected to be made as early as next week.

Bailey's initiative comes on the heels of several other companies that have successfully integrated bitcoin into their strategies. Notably, Michael Saylor, the executive chairman of Strategy, was able to significantly boost the company's stock price by over 3,000% after rebranding it as a bitcoin strategy company and holding bitcoin as its primary treasury reserve asset. This move has inspired other firms to follow suit, including SoftBank, Tether, and Cantor Fitzgerald, who recently announced a $3.6 billion bitcoin investment vehicle. Additionally, Strive Asset Management has revealed plans to merge with Asset Entities to form a publicly traded bitcoin asset management company.

Bailey's involvement in the crypto space is well-known, as he advised Donald Trump on crypto policy during his 2024 presidential campaign. This background positions Bailey as a key figure in the ongoing efforts to integrate bitcoin into mainstream financial strategies. The launch of Nakamoto is expected to further solidify the role of bitcoin in the investment landscape, following the successful examples set by other companies that have embraced the cryptocurrency as a core part of their business models.