BTC Inc CEO David Bailey has announced plans to acquire Bitcoin worth approximately $762 million. This news highlights his active role in the cryptocurrency world.
Planned Bitcoin Purchase
David Bailey, a notable Bitcoin advocate, noted that he intends to purchase approximately 6,400 BTC through his company, Nakamoto Inc. On his X account, Bailey confirmed his dream of buying Bitcoin worth $1 billion, though he will focus on the $762 million purchase for now.
Bailey's Future Plans
When asked about the plan to buy $1 billion worth of Bitcoin, Bailey clarified that this figure is a rounded estimate of the $762.5 million raised. He also expressed the need to raise his ambitions.
Main Goals and Initiatives
Earlier this month, Bailey announced plans to raise $200 million to establish a political action committee (PAC) aimed at advancing Bitcoin's presence in the U.S. 'I’m considering raising a $100-200 million PAC under Nakamoto's leadership to advance Bitcoin priorities,' he stated.
David Bailey actively promotes the idea of Bitcoin through his initiatives and significant investments. His intention to purchase cryptocurrency worth $762 million reflects the growing interest in Bitcoin as an investment tool.
