David Bailey, advisor to former US President Donald Trump, is working on a significant Bitcoin purchase for his company, Nakamoto Inc.
Bailey's Bitcoin Acquisition Plans
Bailey has announced an ambitious plan to acquire approximately $762 million worth of Bitcoin, equivalent to around 6,400 BTC. This information was shared on X (formerly Twitter), where Bailey stated that he has always dreamed of making a substantial purchase of Bitcoin in one bid.
Strategy for Buying Bitcoin
Bailey disclosed that he plans to implement a Volume Weighted Average Price (VWAP) strategy for this large acquisition. This approach will allow him to break the purchase into smaller trades, minimizing price slippage and avoiding market disruption. He aims for Nakamoto to become one of the leading corporate holders of Bitcoin globally.
Bitcoin as the Most Valuable Asset
Bailey has been vocal about his belief that Bitcoin will become the most valuable asset in human history. He has previously stated that his company's strategy is to acquire Bitcoin as quickly as possible. He emphasizes that his plans are geared towards broader adoption of cryptocurrency within the industry and among political figures.
David Bailey continues to advance his ambitious plans to acquire Bitcoin, positioning Nakamoto Inc. as a key player in the cryptocurrency market.
