Trump Crypto Advisor David Bailey in conversations to launch BTC Investment Company: The information

David Bailey, CEO of BTC Inc., the owner of Bitcoin Magazine, plans to launch a listed Bitcoin (BTC) investment company, reported the information citing people familiar with the case.

Bailey, who advised Donald Trump about cryptopolitics during his presidential campaign in 2024, is reportedly seeking $ 200 million through a private stock sale and an additional $ 100 million in convertible debt to finance a small listed company to buy Bitcoin.

The company – whose name is not known yet – will merge with BTC Inc. And be named “Nakamoto” after Bitcoin creator Satoshi Nakamoto, according to the people. The deal could be advertised as soon as next week.

His plans follow the plans from several other companies and are based on success for strategy executive chairman Michael Saylor, who was able to push the company’s share price by over 3,000%, as he had bitcoin as his most important state reserve asset and redirection of it as a bitcoin strategy company.

Last month, Kraftcentre Softbank, Tether and Cantor Fitzgerald announced a $ 3.6 billion Bitcoin investment vehicle for the purpose of buying Bitcoin. Earlier today, Strive Asset Management said it merged with activated units to become a listed Bitcoin Asset Management Company.

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