Emre Yumlu 
David Bailey, one of Donald Trump’s advisers on digital assets, has raised $300 million to launch a new Bitcoin-focused investment firm. The company, named Nakamoto in tribute to Bitcoin’s mysterious creator Satoshi Nakamoto, plans to become a publicly listed entity that directly invests in and holds Bitcoin.
According to sources close to the matter, the funding consists of $200 million in equity and $100 million in convertible debt. While the initiative hasn’t been officially announced yet, it is reportedly preparing for a reverse merger with a company listed on Nasdaq, paving the way for its public debut in the near future.
On May 7, Bailey responded to the swirling speculation with a brief post on X, simply writing, “No comment.”
Nakamoto to Follow a Bitcoin-Centric Strategy
Nakamoto’s business model draws inspiration from MicroStrategy, which under the leadership of Michael Saylor, became known for holding large amounts of Bitcoin on its balance sheet. However, this new venture aims to take things further by acquiring companies in global markets like Brazil, Thailand, and South Africa—using Bitcoin as part of its financial core.
The project is reportedly backed by well-known investors and guided by a team of seasoned advisors from both the crypto and traditional finance worlds.
A New Wave of Institutional BTC Vehicles
Bailey’s move reflects the broader resurgence of institutional interest in Bitcoin. Just weeks earlier, Twenty One Capital, founded by Strike’s Jack Mallers and backed by Tether, SoftBank, and Cantor Fitzgerald, made headlines with its ambition to rival MicroStrategy as the leading vehicle for capital-efficient Bitcoin exposure.
Meanwhile, on May 7, Strive Asset Management, founded by former U.S. presidential candidate Vivek Ramaswamy, unveiled its plan to restructure into a Bitcoin treasury firm. It is set to raise approximately $1 billion via stock and debt issuance, with the sole aim of accumulating BTC.
Bitcoin-Focused Firms on the Rise
Industry observers point to the rapid growth in the number of BTC-centric public companies as a clear sign of shifting sentiment. These firms are not just investing in crypto—they are redefining their entire corporate identity around Bitcoin.
The acceleration of this trend suggests that institutional Bitcoin adoption is entering a new and more aggressive phase, with a growing number of firms reshaping their strategies to align with the digital asset revolution.
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