Trump’s Inner Circle Makes a Jaw-Dropping $1B Bitcoin Move—Is This the Crypto Play That Changes Everything?
Ever wonder what it takes to drop a billion bucks on Bitcoin without causing the whole market to hiccup? Well, David Bailey, the savvy CEO of Bitcoin Magazine and adviser to Donald Trump, is about to show us how it’s done. With his company, Nakamoto Holdings, amping up its Bitcoin treasury target to a staggering $763 million, Bailey is gearing up for a $1 billion Bitcoin purchase that’s as ambitious as it sounds. But here’s the kicker — he’s planning to use some smart trading tactics to keep things smooth and avoid shaking up the market. And if that’s not enough, he’s also venturing into the political arena to back pro-Bitcoin initiatives. Sounds like a masterclass in big moves and bold strategies, doesn’t it? Ready to dive into the details behind this monumental buy and what it could mean for Bitcoin’s future? LEARN MORE
Nakamoto, led by Bailey, has raised its Bitcoin treasury target to $763 million after securing private placement commitments.
Key Takeaways
- Nakamoto Holdings’ founder says $1B Bitcoin purchase is imminent.
- He plans to use VWAP trading to minimize market impact.
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David Bailey, CEO of Bitcoin Magazine and Bitcoin advisor to US President Donald Trump, says that his dream of buying $1 billion worth of Bitcoin will come true tomorrow.
“Gotta start dreaming bigger,” he wrote on X on Monday.
Bailey’s comments come after Nakamoto Holdings, the Bitcoin-native company he founded earlier this year in partnership with KindlyMD, raised more than $51 million through a private investment in public equity (PIPE) deal to expand its Bitcoin treasury.
The deal, announced in June, has increased the firm’s total capital earmarked for Bitcoin purchases to $763 million.
“It’s $760M on day one, with more to come,” Bailey said in response to X users’ questions about the upcoming BTC purchase.
Bailey had unveiled plans to raise up to $200 million to establish a political action committee focused on promoting Bitcoin’s interests in the US.
The PAC, potentially anchored by Nakamoto Holdings, seeks to support pro-Bitcoin political candidates and initiatives, including ambitious goals like driving the Bitcoin price to $10 million and fostering long-term strategic positions for the digital asset.
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