Bitcoin News Today: Nakamoto CEO Announces $760M Bitcoin Buy as Strategic Move

Nakamoto CEO David Bailey announced on X that he will proceed with a one-time purchase of approximately $760 million worth of Bitcoin, a figure he described as “generous rounding” of an initial $1 billion figure [1]. The acquisition, set to occur in the coming days, marks the culmination of a countdown he has been tracking for over 14 days on social media. Bailey shared that this move represents a long-held personal ambition and a strategic step toward positioning Nakamoto as one of the top global Bitcoin holders [2].

The transaction, which Bailey framed as a "smash buy," comes after Nakamoto’s recent creation through a merger with Nasdaq-listed KindlyMD. The newly formed entity has access to up to $710 million in capital commitments to support its Bitcoin acquisition strategy [3]. The purchase follows Nakamoto’s public market entry and aims to accelerate its vision of becoming a leading Bitcoin treasury firm, similar to companies like MicroStrategy [4].

Bailey emphasized the symbolic and strategic significance of the acquisition, stating, “Ever since getting into Bitcoin I’ve always had this dream of smash buying $1 billion of bitcoin in a single bid. Tomorrow that dream comes true.” This message has sparked significant interest within Bitcoin communities, with speculation that Nakamoto is preparing for a major accumulation phase [5].

While the purchase amount has been adjusted from the original $1 billion to $760 million, the discrepancy, according to Bailey, stems from the cutoff date established in the company’s definitive information statement [6]. Despite the clarification, the announcement has fueled discussions about Nakamoto’s liquidity position and its long-term strategy for building a “Bitcoin juggernaut” [7].

Bailey’s approach blends serious Bitcoin advocacy with a distinct social media presence. He frequently uses X to generate attention and momentum around his initiatives, a tactic that has become central to Nakamoto’s public-facing strategy [8]. His posts have also stirred mixed reactions, with some questioning the practicality and timing of such a large-scale buy.

Nakamoto’s move aligns with a broader trend of institutional and political actors entering the Bitcoin space. Bailey, who also holds leadership roles in Bitcoin Magazine and serves as an advisor in cryptocurrency policy discussions, has cited Michael Saylor of MicroStrategy as a key influence in shaping Nakamoto’s vision [9]. The company’s strategy mirrors Saylor’s approach of aggressive Bitcoin accumulation to secure long-term value for shareholders.

The timing of the purchase is also notable, as it occurs amid increasing regulatory and legislative support for digital assets, including recent developments like the Genius Act, which facilitates the issuance of digital currencies by major corporations [10]. While such developments suggest a growing acceptance of Bitcoin, analysts caution that the asset remains highly volatile and speculative [11].

Bailey’s $760 million Bitcoin acquisition underscores the growing institutional interest in the asset and highlights the evolving relationship between politics, business, and digital finance. As Nakamoto moves forward with this purchase, the market will be watching closely to gauge its impact on Bitcoin’s trajectory and the broader crypto ecosystem [12].

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Source:

[1] [https://coinmarketcap.com/community/articles/689a45dd14fafa6f2d11d489/](https://coinmarketcap.com/community/articles/689a45dd14fafa6f2d11d489/)

[2] [https://www.thestreet.com/crypto/markets/david-bailey-wants-to-smash-buy-1b-bitcoin](https://www.thestreet.com/crypto/markets/david-bailey-wants-to-smash-buy-1b-bitcoin)

[3] [https://www.bitget.com/news/detail/12560604906205](https://www.bitget.com/news/detail/12560604906205)

[4] [https://cryptobriefing.com/trump-bitcoin-advisor-smash-buy/](https://cryptobriefing.com/trump-bitcoin-advisor-smash-buy/)

[5] [https://www.instagram.com/p/DNOIj1IxwKU/](https://www.instagram.com/p/DNOIj1IxwKU/)

[6] [https://www.cbsnews.com/news/the-crypto-craze-sweeping-washington-and-wall-street/](https://www.cbsnews.com/news/the-crypto-craze-sweeping-washington-and-wall-street/)

[7] [https://x.com/realjimchanos?lang=en](https://x.com/realjimchanos?lang=en)