David Bailey, a Bitcoin conference promoter, has achieved an impressive 640% return over the past year through his hedge fund 210k Capital by using a strategy of turning companies into 'Bitcoin proxies.'
Investment Strategy of 210k Capital
210k Capital follows a strategy of investing in small-cap public companies, helping them implement Bitcoin treasury strategies. This tactic allowed the company to capitalize on the post-election surge in the cryptocurrency market driven by Trump's pro-industry platform.
Examples of Successful Investments
One notable example is The Smarter Web Plc, a UK-based web design company that went public on the London Stock Exchange, raising £2.1 million to acquire Bitcoin. 210k Capital's £780,000 investment is now valued at nearly £110 million. However, Smarter Web's stock has shown volatility, falling 55% from its peak in June. Another successful investment was Metaplanet, a hotel chain in Japan that reorganized to acquire Bitcoin, with 210k Capital's stake now worth over $106 million.
Political Activity and Its Influence
David Bailey is also actively involved in political life as a co-founder of BTC Inc. He has organized significant Bitcoin conferences and helped Trump transform from a cryptocurrency skeptic to a vocal supporter. At the 2024 Bitcoin conference, Trump expressed his ambition to make the U.S. 'the world's crypto capital,' highlighting Bailey's role in this transformation. Bailey's political engagement aligns with his investment strategy aimed at supporting Trump's campaign, which has likely influenced his success in investments.
David Bailey's strategies and 210k Capital demonstrate how investing in public companies seeking to adopt Bitcoin can yield significant returns despite the risks associated with market volatility.
