Trump’s crypto adviser to ‘smash buy’ $762M of Bitcoin this week
Main Idea
David Bailey, a crypto advisor to Donald Trump, plans to purchase $762 million worth of Bitcoin this week through Nakamoto Inc., aiming to raise awareness and advance Bitcoin's interests in the US.
Key Points
1. David Bailey, CEO of Nakamoto Inc., announced plans to buy $762 million worth of Bitcoin (around 6,400 BTC) using a Volume Weighted Average Price (VWAP) strategy.
2. Bailey has been a key figure in influencing Donald Trump's pro-Bitcoin stance and previously expressed ambitions to raise $200 million for a political action committee (PAC) to support Bitcoin priorities.
3. Nakamoto Inc. recently changed its mascot to an American bullfrog and secured $51.5 million in private capital in June.
4. Corporate Bitcoin holdings continue to grow, with major companies holding over 1.24 million BTC collectively.
Description
US President Donald Trump's crypto advisor, David Bailey, is planning a huge Bitcoin purchase through Nakamoto Inc, targeting around 6,400 BTC this week.
Latest News
- Bithumb halves crypto lending leverage, slashes loan limits by 80%: Report2025-08-12 08:14:23
- Ether ETFs see record $1B inflows as ETH flashes bull signs2025-08-12 07:03:09
- SharpLink Gaming shares dip after $400M deal to boost Ether holdings2025-08-12 06:25:32
- Trump’s crypto adviser to ‘smash buy’ $762M of Bitcoin this week2025-08-12 06:05:24
- Steak ‘n Shake thanks Bitcoiners as same-store sales rise 11% in Q22025-08-12 04:49:00