Bitcoin News Today: Nakamoto Inc. Buys $762.5M Bitcoin to Build Bitcoin Juggernaut

Trump crypto adviser David Bailey, founder and CEO of Nakamoto Inc., announced plans to acquire $762.5 million in Bitcoin in a single transaction, describing the move as a step toward transforming his firm into a “Bitcoin juggernaut” [1]. The purchase will be executed using a Volume Weighted Average Price (VWAP) strategy to minimize slippage and reduce market impact by breaking the large order into smaller trades [2]. Bailey previously stated on X that his goal of acquiring $1 billion in Bitcoin includes “some generous rounding” based on the firm’s current cash reserves [3].

At the time of the announcement, Bitcoin was trading at approximately $118,852, meaning the purchase could result in Nakamoto Inc. acquiring roughly 6,415.5 BTC [4]. This would position the company as the 14th largest corporate Bitcoin holder, surpassing Next Technology Holding Inc. but falling short of Galaxy Digital Holdings Ltd. [5]. Michael Saylor’s MicroStrategy remains the largest corporate holder with a portfolio of 628,946 BTC [6].

According to Bitcoin Treasuries, 292 public entities currently hold Bitcoin on their balance sheets, with total corporate holdings reaching 3.64 million BTC [7]. This figure has risen as at least 17 organizations added Bitcoin to their treasuries in the past month [8]. Bailey emphasized that Nakamoto’s unique investment strategy is expected to elevate the firm to one of the top institutional holders globally [9].

The move reflects growing corporate interest in Bitcoin as both a store of value and a strategic asset, with firms increasingly allocating capital to digital assets amid evolving regulatory and market conditions [10].

Sources:

[1][2][3][4][5][6][7][8][9][10]

Source: [1] Trump Crypto Adviser David Bailey’s Nakamoto Inc. Plans ‘Smash Buying’ Of $762M Bitcoin, Will Build ‘Bitcoin Juggernaut’ (https://coinmarketcap.com/community/articles/689b108c21bc2a555c7187cc/)