Nakamoto Raises $300M for Bitcoin Investment Firm, Aims for Public Listing

David Bailey, the CEO of crypto media company BTC Inc. and a close adviser to former US President Donald Trump on digital assets, has successfully raised $300 million to launch a new Bitcoin investment firm named Nakamoto. The firm is named after the pseudonymous creator of Bitcoin, Satoshi Nakamoto, and aims to become a publicly traded company focused on acquiring and holding the cryptocurrency. The funding round, which has been in progress since January, includes $200 million in equity and $100 million in convertible debt. While the firm has not officially announced the raise, an official reveal and merger with a Nasdaq-listed company is expected as early as next week, with the combined entity set to go public this summer.

Nakamoto's strategy is modeled on that of companies like Strategy, which transformed itself into a Bitcoin-holding powerhouse under Michael Saylor. The firm will invest in and acquire businesses globally, deploying Bitcoin as part of its capital structure. The venture is reportedly backed by high-profile investors and includes an advisory board featuring several prominent figures from the financial and crypto sectors. Bailey’s move comes amid renewed enthusiasm for institutional Bitcoin investment, following a series of major fundraising announcements from firms like Twenty One and Strive Asset Management.

The launch of Nakamoto is part of a broader trend of new players entering the crypto space, with several other firms also announcing plans to transition into Bitcoin treasury companies. This trend reflects a growing interest in Bitcoin as a store of value and a means of capital allocation. The pace of these new Bitcoin companies launching is accelerating, indicating a bullish sentiment towards the cryptocurrency among institutional investors. Bailey's initiative is expected to further bolster the institutional adoption of Bitcoin, potentially leading to increased demand and market stability.