David Bailey, a prominent crypto advisor and CEO of BTC Inc., is set to launch a new bitcoin investment company named Nakamoto, with an ambitious goal of attracting traditional investors to the digital asset market.
The company has successfully raised $300 million, comprising $200 million in equity and $100 million in convertible debt, although the official announcement of this funding has yet to be made.
The name “Nakamoto” pays homage to the enigmatic creator of Bitcoin, Satoshi Nakamoto. Bailey’s vision for Nakamoto includes plans for the company to go public through a merger with an existing Nasdaq-listed firm, with details of this merger expected to be disclosed soon. A public listing is anticipated to occur in the summer.
Nakamoto’s investment strategy will primarily focus on acquiring and holding Bitcoin while also investing in various companies across the globe, including those in Brazil, Thailand, and South Africa.
The company aims to integrate Bitcoin into its investment approach, reflecting a growing trend among institutional investors to diversify their portfolios with digital assets. To bolster its credibility and expertise, Nakamoto will be supported by an advisory board comprising notable figures from the cryptocurrency sector.
