Key Takeaways
- Nakamoto Holdings’ founder says $1B Bitcoin buy is imminent.
- He plans to make use of VWAP buying and selling to reduce market affect.
David Bailey, CEO of Bitcoin Journal and Bitcoin advisor to US President Donald Trump, says that his dream of shopping for $1 billion price of Bitcoin will come true tomorrow.
“Gotta begin dreaming larger,” he wrote on X on Monday.
Bailey’s feedback come after Nakamoto Holdings, the Bitcoin-native firm he based earlier this 12 months in partnership with KindlyMD, raised greater than $51 million by way of a personal funding in public fairness (PIPE) deal to increase its Bitcoin treasury.
The deal, introduced in June, has elevated the agency’s complete capital earmarked for Bitcoin purchases to $763 million.
“It’s $760M on day one, with extra to come back,” Bailey mentioned in response to X customers’ questions concerning the upcoming BTC buy.
Bailey had unveiled plans to boost as much as $200 million to ascertain a political motion committee centered on selling Bitcoin’s pursuits within the US.
The PAC, probably anchored by Nakamoto Holdings, seeks to help pro-Bitcoin political candidates and initiatives, together with formidable targets like driving the Bitcoin worth to $10 million and fostering long-term strategic positions for the digital asset.
