Trump Crypto Advisor David Bailey to Raise $300M for Bitcoin Investment Venture

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BTC Inc’s CEO David Bailey, a prominent crypto advisor to President Donald Trump, is moving to launch a publicly-traded Bitcoin investment company. According to CNBC , Bailey has already secured $300m in funding for the venture, while The Information reported that he is still seeking the funds through private equity and convertible debt. This funding package is expected to consist of $200m in equity and $100m in convertible debt, with plans to use the capital for acquisitions and investments. Da...