David Bailey, CEO of BTC Inc., the owner of Bitcoin magazine, plans to launch a Bitcoin investment company (BTC) that quotes on the stock market, the information reported, citing people familiar with the matter.
According to reports, Bailey, who advised Donald Trump about cryptographic policy during his 2024 presidential campaign, looks for $ 200 million through a sale of private shares and additional $ 100 million in convertible debt to finance a small company that quotes on the stock market to buy Bitcoin.
The company, whose name is not yet known, will merge with BTC Inc. and will be named “Nakamoto” after the creator of Bitcoin Satoshi Nakamoto, according to people. The agreement could be announced as soon as next week.
Their plans follow those of several other companies, based on the success of the Executive President of Strategy, Michael Saylor, who could boost the price of the company’s shares in more than 3,000% since Bitcoin had as his main treasure reserve asset and change it as a Bitcoin strategy company.
Last month, Powerhouses SoftBank, Tether and Cantor Fitzgerald announced a Bitcoin investment vehicle of $ 3.6 billion with the intention of buying Bitcoin. Today early, Stive Asset Management said it was merging with asset entities to become a Bitcoin asset management company that is quoted in the stock market.
