David Bailey Trump’s Adviser Leads $762M Bitcoin Buying Spree

David Bailey, who is a Bitcoin advocate, CEO of BTC Inc. and former U.S. President Donald Trump’s trusted crypto advisor is preparing one of the largest corporate Bitcoin purchases ever recorded. Through his company Nakamoto Inc. he is planning to buy $762 million for nearly 6,400 BTC.

Instead of a large block trade, Bailey will use the Volume Weighted Average Price (VWAP) strategy. This is to break up the trade into many small orders over the course of the day. This method avoids market disruption. This approach is a part of his larger plan to execute a billion dollar purchase of Bitcoin without moving the price. David Bailey is set to make headlines with his strategic purchase, highlighting its significance.

Market Timing And Strategic Funding

Bailey notes that at present Bitcoin is trading at near $119,776. This is very close to its all-time high. Also, Bitcoin has a market cap of $2.4 trillion. Institutional adoption is at an all-time high as well. Reports indicate there are over 220 companies now holding Bitcoin. They hold over $400 billion in total. This development is closely followed by David Bailey.

In a deal which saw the merger of Nakamoto Inc. and KindlyMD, $51.5 million came from a private placement. The deal also includes $510 million in private investment and $200 million in convertible notes. Post-merger, the combined entity will trade on NASDAQ under the ticker NAKA. This will be a public market play for Bitcoin. Bailey’s influence in this area is undeniable.

Political Influence And Global Expansion

Beyond the corporate picture, Bailey is a key player in the development of U.S. crypto policy. He advised Trump, which led to the creation of a U.S. Strategic Bitcoin Reserve. It also led to the appointment of a “Crypto and AI Czar”. Additionally, he is to launch a $100  – 200 million PAC. This will push for Bitcoin-friendly legislation that includes removing capital gains taxes and protection of self-custody rights. All these efforts are supported by David Bailey’s expertise.

Nakamoto’s global reach is a focus. This is evident in the Bitcoin treasury initiatives we see in Hong Kong, Japan, Canada, and the UK. These initiatives also report early talks in Saudi Arabia, UAE, and Argentina. Through a mix of political influence, corporate growth, and precise market play, Bailey is out to set Nakamoto Inc. among the top institutional Bitcoin-held companies in the world.

The post David Bailey Trump’s Adviser Leads $762M Bitcoin Buying Spree appeared first on Crypto Junction.