Bitcoin News Today: Trump crypto adviser to buy $762 million in Bitcoin via VWAP strategy

David Bailey, a prominent Bitcoin advocate and former cryptocurrency adviser to former U.S. President Donald Trump, announced on Monday his intention to execute a $762 million Bitcoin purchase as early as Tuesday. The acquisition, referred to as a “smash buy,” is part of a long-held vision for Nakamoto Inc., the Bitcoin-native holdings company he founded [1]. The purchase is expected to acquire approximately 6,400 Bitcoin at current market prices. To mitigate market impact, the firm will use a Volume Weighted Average Price (VWAP) strategy, which breaks large orders into smaller trades to reduce slippage and volatility [1].

Bailey, who previously played a key role in shaping Trump’s crypto policy during the 2020 presidential campaign, has consistently advocated for Bitcoin’s integration into U.S. financial and political frameworks. He has also outlined plans to raise $200 million through a political action committee (PAC) to further Bitcoin’s interests in the U.S., indicating a broader strategy to influence policy and institutional adoption [1].

In a recent rebranding effort, Nakamoto adopted the American bullfrog as its corporate mascot. Bailey described the bullfrog as a symbol of “a legendary treasure hoarder, an apex predator, an invasive species, and willing to eat anything that grows our Bitcoin per share” [1]. The move reflects the company’s aggressive and innovative approach to Bitcoin accumulation and market positioning.

The timing of this large-scale purchase aligns with a growing trend of institutional adoption. Over the past month, at least 17 organizations have added Bitcoin to their treasuries, bringing the total number of public and private companies holding Bitcoin to 221. These entities collectively hold more than 1.24 million BTC [1]. Bailey’s strategy appears to reinforce this trend, emphasizing corporate-scale purchases to support long-term price appreciation.

No specific price targets or timeframes for Bitcoin’s future performance were provided by Bailey or Nakamoto. Analysts have not commented on the transaction, and no external forecasts were cited in the available reports [1].

Source:

[1] Cointelegraph – Trump’s crypto adviser planning $1B Bitcoin buy this week (https://cointelegraph.com/news/trump-crypto-adviser-planning-buy-1b-of-bitcoin-this-week)