Thu May 08 08:40:00 UTC 2025: **Bitcoin Investment Firm Nakamoto Raises $300 Million, Poised for Nasdaq Listing**
NEW YORK (CNBC) – Nakamoto, a new bitcoin investment company spearheaded by David Bailey – CEO of media group BTC Inc. and a former crypto advisor to President Trump – has secured $300 million in funding and is preparing for a public listing on the Nasdaq this summer.
The $300 million raise, comprised of $200 million in equity and $100 million in convertible debt, follows months of planning. The company plans to merge with an existing Nasdaq-listed firm, an announcement expected early next week.
Nakamoto, named after the pseudonymous creator of bitcoin, will focus on acquiring and holding bitcoin. The firm intends to expand globally, investing in companies and projects in countries including Brazil, Thailand, and South Africa. A roster of prominent investors and advisors backs the venture.
This model, popularized by companies like MicroStrategy and Twenty One, allows investors to gain exposure to the bitcoin market through publicly traded stock. Bailey’s venture is aiming to capitalize on the growing appetite for bitcoin investments. The company’s strategy positions it to compete in a rapidly evolving market dominated by firms like Jack Mallers’ Twenty One, which recently secured billions in funding.
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