Bitcoin News Today: David Bailey's Nakamoto Inc. to Buy 6,400 Bitcoin for $762 Million in Major Institutional Move

David Bailey, a top cryptocurrency adviser to former U.S. President Donald Trump, announced plans to acquire approximately 6,400 Bitcoin (BTC) through his firm Nakamoto Inc., with an estimated value of $762 million as of August 12, 2025 [1]. This purchase, set to occur this week, will be executed using a Volume Weighted Average Price (VWAP) strategy, which breaks the large order into smaller trades to minimize price slippage and market impact [2]. Bailey emphasized that the move is part of Nakamoto Inc.’s broader strategy to become one of the largest institutional holders of Bitcoin globally [3].

This acquisition aligns with a growing trend of corporate Bitcoin adoption. As of now, over 221 organizations hold more than 1.24 million BTC combined, signaling increased institutional confidence in the digital asset [4]. Bailey, who also co-founded Bitcoin Magazine’s parent company, BTC Inc., has long been a vocal advocate for Bitcoin. He stated that the $762 million purchase is a “dream come true” after years of anticipating a major Bitcoin acquisition [5].

Beyond the purchase, Bailey has also outlined plans to raise $200 million for a political action committee (PAC) aimed at advancing Bitcoin’s interests in U.S. politics [6]. He described this initiative as a natural extension of his advisory work with Trump during the 2024 campaign, where he played a key role in shaping the candidate’s Bitcoin-focused policies [7]. The PAC, anchored by Nakamoto, will reportedly focus on legislative and regulatory efforts that support Bitcoin adoption and treasury strategies.

Nakamoto Inc. recently updated its corporate identity, adopting the American bullfrog as its new mascot. Bailey explained that the bullfrog represents a “legendary treasure hoarder” and an “apex predator” in the Bitcoin ecosystem [8]. The firm also secured $51.5 million in new capital earlier this year through a public equity deal, further reinforcing its commitment to expanding its Bitcoin holdings [9].

The purchase and broader strategy underscore a shift in corporate and political attitudes toward Bitcoin. With Bailey’s influence in both the business and policy spheres, his actions could have lasting implications for how Bitcoin is perceived and integrated into mainstream financial and political systems.

Sources:

[1] David Bailey’s Ambitious Plan to Acquire 6,400 Bitcoin This Week Through Nakamoto Inc. (https://en.coinotag.com/david-baileys-ambitious-plan-to-acquire-6400-bitcoin-this-week-through-nakamoto-inc/)