Bitcoin News Today: David Bailey's Trump-Linked Firm Buys $762M Bitcoin Using VWAP Strategy

David Bailey, the cryptocurrency adviser to former U.S. President Donald Trump and CEO of Bitcoin-native holdings firm Nakamoto Inc., has announced plans to purchase approximately $762 million worth of Bitcoin this week. The move, which he described as a "smash buy," involves acquiring around 6,400 BTC using a Volume Weighted Average Price (VWAP) strategy to reduce market impact and ensure a more stable execution [1]. Bailey initially stated his ambition as a $1 billion purchase but later clarified that the figure was a rounded-up projection of the actual $762 million amount [1].

The acquisition is part of a larger strategy by Nakamoto Inc. to position itself as one of the world's top Bitcoin holders. “We’re building a Bitcoin juggernaut,” Bailey said, emphasizing the firm’s unique approach to accumulating and managing Bitcoin holdings. The company has recently rebranded, adopting the American bullfrog as its mascot, which Bailey described as a symbol of “legendary treasure hoarding” and a “willingness to eat anything that grows our Bitcoin per share” [1].

In addition to this large purchase, Bailey has also expressed ambitions to raise between $100 million and $200 million through a political action committee (PAC) aimed at advancing Bitcoin-related policies in the United States. This aligns with his broader efforts to promote Bitcoin’s adoption in both corporate and political spheres. Earlier this year, Nakamoto secured $51.5 million in fresh capital through a private placement, further supporting its growth initiatives [1].

This development is also in line with a growing trend of corporate Bitcoin adoption. In the past month alone, at least 17 organizations have added Bitcoin to their treasuries, bringing the total number of public and private companies holding the cryptocurrency to 221. Collectively, these entities now hold more than 1.24 million BTC, reflecting increasing institutional confidence in Bitcoin as a strategic asset [1].

David Bailey’s move highlights the expanding influence of high-profile individuals and firms in shaping the trajectory of Bitcoin adoption. As a key advisor to Donald Trump on cryptocurrency policy, Bailey’s actions are likely to contribute to the ongoing discourse on digital assets in the U.S. political landscape [1].

Source: [1] David Bailey — Trump’s crypto adviser planning $1B of Bitcoin buy this week — https://cointelegraph.com/news/trump-crypto-adviser-planning-buy-1b-of-bitcoin-this-week